TNL Mediagene (NASDAQ:TNMG) Short Interest Update

TNL Mediagene (NASDAQ:TNMG) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 301,558 shares, a growth of 222.8% from the May 31st total of 93,429 shares. Based on an average daily trading volume, of 672,953 shares, the days-to-cover ratio is presently 0.4 days. Approximately 20.0% of the shares of the stock are short sold.

TNL Mediagene Stock Up 78.9%

NASDAQ TNMG traded up $0.39 on Monday, reaching $0.87. 122,881,406 shares of the company were exchanged, compared to its average volume of 1,029,347. The business’s fifty day moving average price is $0.77 and its 200 day moving average price is $2.09. 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 $0.46 and a fifty-two week high of $12.76.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TNL Mediagene in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.00.

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.