TNL Mediagene (NASDAQ:TNMG) Short Interest Down 26.1% in January

TNL Mediagene (NASDAQ:TNMG) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 141,913 shares, a decrease of 26.1% from the December 31st total of 192,013 shares. Approximately 9.4% of the company’s stock are short sold. Based on an average trading volume of 56,297 shares, the short-interest ratio is currently 2.5 days. Based on an average trading volume of 56,297 shares, the short-interest ratio is currently 2.5 days. Approximately 9.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several analysts have recently commented on TNMG shares. Weiss Ratings restated a “sell (e+)” rating on shares of TNL Mediagene in a research report on Thursday, December 18th. Benchmark boosted their target price on TNL Mediagene to $14.00 and gave the stock a “speculative buy” rating in a research report on Thursday, January 15th. Finally, Wall Street Zen cut TNL Mediagene from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.00.

TNL Mediagene Stock Down 6.2%

Shares of NASDAQ TNMG traded down $0.24 during mid-day trading on Friday, hitting $3.65. 71,654 shares of the stock traded hands, compared to its average volume of 1,521,913. The stock has a fifty day moving average price of $3.93 and a 200-day moving average price of $6.20. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.14. TNL Mediagene has a 52 week low of $1.94 and a 52 week high of $120.00.

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.