TNL Mediagene (NASDAQ:TNMG) Short Interest Update

TNL Mediagene (NASDAQ:TNMG) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 279,799 shares, an increase of 74.7% from the July 15th total of 160,157 shares. Based on an average trading volume of 2,996,523 shares, the short-interest ratio is currently 0.1 days. Currently, 18.6% of the shares of the stock are sold short.

TNL Mediagene Stock Performance

Shares of NASDAQ TNMG traded up $0.00 during midday trading on Monday, hitting $0.39. The stock had a trading volume of 86,552 shares, compared to its average volume of 4,623,009. TNL Mediagene has a fifty-two week low of $0.31 and a fifty-two week high of $12.28. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.87. The company’s 50-day simple moving average is $0.49 and its 200 day simple moving average is $1.40.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TNL Mediagene in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.