TNL Mediagene (NASDAQ:TNMG) Short Interest Update

TNL Mediagene (NASDAQ:TNMG) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 7,073 shares, a decline of 97.7% from the August 31st total of 312,540 shares. Based on an average trading volume of 96,301 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.6% of the company’s shares are sold short.

TNL Mediagene Stock Up 10.4%

Shares of TNMG stock opened at $5.01 on Friday. TNL Mediagene has a twelve month low of $2.45 and a twelve month high of $98.21. The stock has a fifty day simple moving average of $3.49 and a two-hundred day simple moving average of $6.87. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.87.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TNMG. Wall Street Zen upgraded TNL Mediagene to a “sell” rating in a research note on Saturday, September 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TNL Mediagene in a research note 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.00.

TNL Mediagene Company Profile

TNL Mediagene Inc is a digital media and technology company serving audiences primarily in Japan and Taiwan. The company was formed through the combination of The News Lens and Mediagene, bringing together media operations focused on news, business, technology, culture, lifestyle and entertainment.

Its portfolio includes a range of digital publications and content brands, along with services for advertisers and other businesses. TNL Mediagene generates revenue through digital advertising, branded content, subscriptions, events, content licensing and related marketing solutions.

The company distributes content through websites, social media and other digital channels, and aims to connect audiences and brands across Asian markets.