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

TNL Mediagene (NASDAQ:TNMG) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,491,811 shares, an increase of 394.7% from the June 15th total of 301,558 shares. Based on an average daily trading volume, of 32,339,086 shares, the days-to-cover ratio is currently 0.0 days. Currently, 98.9% of the company’s stock are sold short.

TNL Mediagene Trading Down 13.5%

Shares of TNL Mediagene stock traded down $0.07 on Friday, reaching $0.43. 636,289 shares of the stock were exchanged, compared to its average volume of 18,747,974. TNL Mediagene has a twelve month low of $0.40 and a twelve month high of $12.76. The business has a 50 day moving average price of $0.66 and a two-hundred day moving average price of $1.84. 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

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TNL Mediagene in a report on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.00.

TNL Mediagene Company Profile

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.