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

TNL Mediagene (NASDAQ:TNMG – Get Free Report) saw a large drop in short interest in 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. Based on an average trading volume of 96,301 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.6% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TNMG shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of TNL Mediagene in a research note on Thursday, July 2nd. Wall Street Zen upgraded TNL Mediagene to a “sell” rating in a research note on Saturday, September 12th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $112.00.

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TNL Mediagene Stock Performance

Shares of NASDAQ:TNMG traded up $0.47 during midday trading on Thursday, hitting $5.01. The stock had a trading volume of 1,153,378 shares, compared to its average volume of 1,940,958. The stock has a 50 day moving average price of $3.45 and a two-hundred day moving average price 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.

About TNL Mediagene

(Get Free Report)

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.

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