TNL Mediagene (NASDAQ:TNMG) Short Interest Update

TNL Mediagene (NASDAQ:TNMG) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 1,491,811 shares, an increase of 394.7% from the June 15th total of 301,558 shares. Currently, 98.9% of the shares of the stock are sold short. Based on an average daily volume of 32,339,086 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

TNL Mediagene Stock Performance

Shares of NASDAQ TNMG traded down $0.07 during midday trading on Friday, reaching $0.43. 636,289 shares of the company were exchanged, compared to its average volume of 18,747,974. The stock has a fifty day simple moving average of $0.66 and a 200 day simple moving average of $1.84. TNL Mediagene has a 1 year low of $0.40 and a 1 year high of $12.76. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.50 and a current ratio of 0.50.

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.