Short Interest in TNL Mediagene (NASDAQ:TNMG) Increases By 156.2%

TNL Mediagene (NASDAQ:TNMG) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 312,540 shares, an increase of 156.2% from the August 15th total of 121,981 shares. Based on an average daily trading volume, of 18,211,829 shares, the days-to-cover ratio is currently 0.0 days. Approximately 165.4% of the company’s stock are sold short.

TNL Mediagene Stock Performance

Shares of NASDAQ TNMG traded down $0.32 during midday trading on Tuesday, hitting $2.82. 48,346 shares of the company’s stock were exchanged, compared to its average volume of 662,031. The firm’s fifty day simple moving average is $3.44 and its 200-day simple moving average is $7.99. TNL Mediagene has a twelve month low of $2.45 and a twelve month high of $98.21. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.50 and a quick ratio of 0.50.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of TNL Mediagene to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of TNL Mediagene in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $112.00.

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.