TNL Mediagene (NASDAQ:TNMG – Get Free Report) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 279,799 shares, a growth of 74.7% from the July 15th total of 160,157 shares. Approximately 18.6% of the shares of the stock are sold short. Based on an average daily volume of 2,996,523 shares, the short-interest ratio is presently 0.1 days.
TNL Mediagene Stock Down 2.3%
NASDAQ:TNMG traded down $0.01 on Tuesday, hitting $0.38. 69,220 shares of the stock were exchanged, compared to its average volume of 4,594,533. The stock has a fifty day moving average of $0.49 and a 200-day moving average of $1.37. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.50 and a current ratio of 0.50. TNL Mediagene has a fifty-two week low of $0.31 and a fifty-two week high of $12.28.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TNL Mediagene in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.
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