THUMZUP MEDIA Corp (NASDAQ:DTCX) Stock Short Interest Jumps 61.8%

THUMZUP MEDIA Corp (NASDAQ:DTCX) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 714,573 shares, a growth of 61.8% from the August 31st total of 441,623 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average daily trading volume, of 256,671 shares, the days-to-cover ratio is presently 2.8 days.

THUMZUP MEDIA Trading Up 2.5%

Shares of NASDAQ:DTCX traded up $0.04 during midday trading on Thursday, reaching $1.84. 9,318 shares of the company were exchanged, compared to its average volume of 332,432. The business’s fifty day moving average is $2.05 and its two-hundred day moving average is $2.19. THUMZUP MEDIA has a one year low of $1.51 and a one year high of $5.66. The stock has a market cap of $74.06 million, a PE ratio of -1.66 and a beta of 0.57.

THUMZUP MEDIA (NASDAQ:DTCX) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $1.91 million for the quarter. THUMZUP MEDIA had a negative net margin of 195.52% and a negative return on equity of 27.02%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised THUMZUP MEDIA from a “sell (e)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, THUMZUP MEDIA presently has an average rating of “Sell”.

THUMZUP MEDIA Company Profile

Thumzup Media Corporation develops a social media marketing platform designed to help businesses promote their products and services through user-generated content. Its platform connects advertisers with social media users who can share approved promotional content and receive compensation for qualifying posts.

The company’s technology is intended to provide businesses with tools for creating and managing marketing campaigns, encouraging customer engagement, and expanding their presence across social media channels.