TNL Mediagene (NASDAQ:TNMG) Sees Significant Decrease in Short Interest

TNL Mediagene (NASDAQ:TNMG) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 119,590 shares, a decline of 16.2% from the February 12th total of 142,701 shares. Currently, 7.9% of the company’s shares are short sold. Based on an average trading volume of 9,898 shares, the short-interest ratio is currently 12.1 days. Based on an average trading volume of 9,898 shares, the short-interest ratio is currently 12.1 days. Currently, 7.9% of the company’s shares are short sold.

TNL Mediagene Price Performance

Shares of NASDAQ TNMG opened at $2.32 on Tuesday. The business’s fifty day simple moving average is $2.99 and its 200-day simple moving average is $4.86. TNL Mediagene has a 12-month low of $1.94 and a 12-month high of $29.60. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

A number of research firms recently weighed in on TNMG. Wall Street Zen cut shares of TNL Mediagene from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of TNL Mediagene in a research report on Thursday, December 18th. Finally, Benchmark raised their price target on TNL Mediagene to $14.00 and gave the stock a “speculative buy” rating in a research report on Thursday, January 15th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.00.

About TNL Mediagene

TNL Mediagene engages in digital advertising, integrated marketing, marketing survey, artificial intelligence technology, data analysis, content service platform, and production of audio-visual programs. It operates media, technology, and digital studio businesses primarily in Japan and Taiwan. The company was founded on May 25, 2023 and is headquartered in Taipei, Taiwan.