THUMZUP MEDIA Corp (NASDAQ:DTCX) Short Interest Down 41.6% in August

THUMZUP MEDIA Corp (NASDAQ:DTCX) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 441,623 shares, a drop of 41.6% from the August 15th total of 756,224 shares. Based on an average daily trading volume, of 354,354 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.9% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded THUMZUP MEDIA from a “sell (e)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

THUMZUP MEDIA Stock Up 4.0%

THUMZUP MEDIA stock traded up $0.08 during mid-day trading on Wednesday, reaching $2.08. The company had a trading volume of 197,994 shares, compared to its average volume of 341,747. THUMZUP MEDIA has a 52 week low of $1.51 and a 52 week high of $5.94. The company has a 50 day moving average of $2.07 and a 200-day moving average of $2.22. The firm has a market cap of $83.49 million, a price-to-earnings ratio of -1.87 and a beta of 0.57.

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

About THUMZUP MEDIA

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.