Short Interest in TNL Mediagene (NASDAQ:TNMG) Expands By 156.2%

TNL Mediagene (NASDAQ:TNMG) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 312,540 shares, an increase of 156.2% from the August 15th total of 121,981 shares. Based on an average daily trading volume, of 18,211,829 shares, the short-interest ratio is currently 0.0 days. Approximately 165.4% of the shares of the stock are short sold.

TNL Mediagene Price Performance

Shares of TNMG opened at $3.36 on Friday. TNL Mediagene has a 1-year low of $2.45 and a 1-year high of $98.21. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.87. The firm’s 50 day simple moving average is $3.46 and its 200 day simple moving average is $8.25.

Wall Street Analyst Weigh In

Several brokerages have commented on TNMG. Weiss Ratings reissued a “sell (e+)” rating on shares of TNL Mediagene in a report on Thursday, July 2nd. Wall Street Zen upgraded TNL Mediagene to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, TNL Mediagene has a consensus rating of “Hold” and a consensus target price of $112.00.

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.