THUMZUP MEDIA Corp (NASDAQ:DTCX) Sees Significant Decrease in Short Interest

THUMZUP MEDIA Corp (NASDAQ:DTCX) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 441,623 shares, a drop of 41.6% from the August 15th total of 756,224 shares. Based on an average daily volume of 354,354 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of THUMZUP MEDIA from a “sell (e)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, THUMZUP MEDIA has a consensus rating of “Sell”.

THUMZUP MEDIA Price Performance

DTCX traded up $0.08 during trading on Wednesday, reaching $2.08. 197,994 shares of the stock traded hands, compared to its average volume of 341,747. The stock has a market cap of $83.49 million, a price-to-earnings ratio of -1.87 and a beta of 0.57. THUMZUP MEDIA has a fifty-two week low of $1.51 and a fifty-two week high of $5.94. The stock’s 50-day simple moving average is $2.07 and its two-hundred day simple moving average is $2.22.

THUMZUP MEDIA (NASDAQ:DTCX) last issued its earnings results on Wednesday, August 12th. The company reported ($0.14) earnings per share for the quarter. THUMZUP MEDIA had a negative return on equity of 27.02% and a negative net margin of 195.52%.The firm had revenue of $1.91 million during the quarter.

THUMZUP MEDIA Company Profile

Thumzup Media Corporation develops a social media marketing platform designed to help businesses promote their products and services through user-generated content. Its platform connects advertisers with social media users who can share approved promotional content and receive compensation for qualifying posts.

The company’s technology is intended to provide businesses with tools for creating and managing marketing campaigns, encouraging customer engagement, and expanding their presence across social media channels.