Short Interest in TNL Mediagene (NASDAQ:TNMG) Declines By 89.3%

TNL Mediagene (NASDAQ:TNMG) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 160,157 shares, a drop of 89.3% from the June 30th total of 1,491,811 shares. Based on an average daily volume of 4,105,936 shares, the short-interest ratio is presently 0.0 days. Currently, 10.6% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

TNL Mediagene Stock Performance

TNMG traded down $0.03 during midday trading on Friday, hitting $0.37. 507,195 shares of the company traded hands, compared to its average volume of 18,968,816. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.50 and a quick ratio of 0.50. The company’s 50-day moving average is $0.57 and its 200 day moving average is $1.67. TNL Mediagene has a 52 week low of $0.31 and a 52 week high of $12.76.

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.