TNL Mediagene (NASDAQ:TNMG) Short Interest Up 222.8% in June

TNL Mediagene (NASDAQ:TNMG) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 301,558 shares, an increase of 222.8% from the May 31st total of 93,429 shares. Based on an average daily volume of 672,953 shares, the short-interest ratio is presently 0.4 days. Currently, 20.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TNL Mediagene in a research note on Monday, April 6th. 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 MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.00.

TNL Mediagene Stock Performance

Shares of TNMG stock traded up $0.00 during trading hours on Friday, hitting $0.49. The company’s stock had a trading volume of 29,241 shares, compared to its average volume of 553,060. The company has a 50 day moving average of $0.77 and a 200 day moving average of $2.11. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.87. TNL Mediagene has a 12-month low of $0.46 and a 12-month high of $12.76.

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.