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

TNL Mediagene (NASDAQ:TNMG) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 7,073 shares, a drop of 97.7% from the August 31st total of 312,540 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 96,301 shares, the days-to-cover ratio is presently 0.1 days.

TNL Mediagene Price Performance

NASDAQ:TNMG traded up $0.47 during trading hours on Thursday, reaching $5.01. 1,153,378 shares of the company’s stock were exchanged, compared to its average volume of 1,940,958. The company has a 50-day moving average of $3.45 and a 200 day moving average of $6.98. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.87. TNL Mediagene has a 1-year low of $2.45 and a 1-year high of $98.21.

Analyst Ratings Changes

TNMG has been the subject of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of TNL Mediagene in a report on Thursday, July 2nd. Wall Street Zen raised TNL Mediagene to a “sell” rating in a research report on Saturday, September 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $112.00.

About TNL Mediagene

TNL Mediagene Inc is a digital media and technology company serving audiences primarily in Japan and Taiwan. The company was formed through the combination of The News Lens and Mediagene, bringing together media operations focused on news, business, technology, culture, lifestyle and entertainment.

Its portfolio includes a range of digital publications and content brands, along with services for advertisers and other businesses. TNL Mediagene generates revenue through digital advertising, branded content, subscriptions, events, content licensing and related marketing solutions.

The company distributes content through websites, social media and other digital channels, and aims to connect audiences and brands across Asian markets.