Short Interest in TNL Mediagene (NASDAQ:TNMG) Decreases By 56.4%

TNL Mediagene (NASDAQ:TNMG) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 121,981 shares, a decline of 56.4% from the July 30th total of 279,799 shares. Based on an average trading volume of 25,985,809 shares, the short-interest ratio is presently 0.0 days. Approximately 8.1% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TNL Mediagene in a report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.00.

TNL Mediagene Trading Down 10.4%

Shares of TNL Mediagene stock opened at $0.47 on Friday. TNL Mediagene has a 52 week low of $0.31 and a 52 week high of $12.28. The stock has a 50 day moving average price of $0.46 and a two-hundred day moving average price of $1.20. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.50 and a quick ratio of 0.50.

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.