TNL Mediagene (NASDAQ:TNMG) Sees Significant Increase in Short Interest

TNL Mediagene (NASDAQ:TNMG) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 25,296 shares, a growth of 257.6% from the September 15th total of 7,073 shares. Currently, 5.6% of the company’s shares are short sold. Based on an average daily volume of 3,737,190 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TNMG. Wall Street Zen raised shares of TNL Mediagene to a “sell” rating in a research report on Saturday, September 12th. Weiss Ratings restated a “sell (e+)” rating on shares of TNL Mediagene in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $112.00.

TNL Mediagene Stock Performance

NASDAQ:TNMG traded down $0.02 during mid-day trading on Monday, hitting $3.74. 19,213 shares of the company traded hands, compared to its average volume of 879,274. The stock’s fifty day moving average price is $3.78 and its 200-day moving average price is $5.76. TNL Mediagene has a one year low of $2.45 and a one year high of $92.88.

About TNL Mediagene

TNL Mediagene is a digital media and technology company focused on creating, publishing and distributing online content for audiences in Asia. The company operates through a portfolio of media brands and provides editorial content across topics such as business, technology, culture, lifestyle and current affairs.

Its activities include digital publishing, content production, advertising and marketing solutions, and other services that help brands reach targeted audiences through online media.