TNL Mediagene (NASDAQ:TNMG) Short Interest Down 89.3% in July

TNL Mediagene (NASDAQ:TNMG) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 160,157 shares, a drop of 89.3% from the June 30th total of 1,491,811 shares. Based on an average daily trading volume, of 4,105,936 shares, the days-to-cover ratio is presently 0.0 days. Currently, 10.6% of the company’s stock are short sold.

TNL Mediagene Stock Down 7.0%

NASDAQ:TNMG traded down $0.03 during trading hours on Friday, reaching $0.37. 507,195 shares of the company were exchanged, compared to its average volume of 18,968,816. The business has a 50 day moving average of $0.57 and a 200 day moving average of $1.67. TNL Mediagene has a 1-year low of $0.31 and a 1-year high of $12.76. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.87.

Wall Street Analyst Weigh In

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

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.