Short Interest in TNL Mediagene (NASDAQ:TNMG) Drops By 23.5%

TNL Mediagene (NASDAQ:TNMG) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 962,470 shares, a decline of 23.5% from the November 30th total of 1,258,257 shares. Based on an average daily volume of 798,498 shares, the short-interest ratio is presently 1.2 days. Currently, 6.2% of the shares of the stock are sold short. Currently, 6.2% of the shares of the stock are sold short. Based on an average daily volume of 798,498 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded TNL Mediagene to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TNL Mediagene in a report on Thursday, December 18th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $70.00.

TNL Mediagene Price Performance

Shares of NASDAQ TNMG traded down $0.09 during mid-day trading on Wednesday, hitting $2.63. 6,069 shares of the company traded hands, compared to its average volume of 269,524. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.14. TNL Mediagene has a 1 year low of $2.40 and a 1 year high of $193.80. The business has a 50 day moving average of $5.44 and a two-hundred day moving average of $7.36.

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.