THUMZUP MEDIA Corp (NASDAQ:DTCX) Short Interest Update

THUMZUP MEDIA Corp (NASDAQ:DTCX) was the target of a large drop in short interest in 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. Approximately 1.9% of the company’s stock are short sold. Based on an average trading volume of 354,354 shares, the days-to-cover ratio is currently 1.2 days.

THUMZUP MEDIA Stock Up 4.1%

Shares of THUMZUP MEDIA stock traded up $0.09 on Thursday, reaching $2.17. The stock had a trading volume of 116,972 shares, compared to its average volume of 340,364. The stock has a market capitalization of $86.90 million, a P/E ratio of -1.95 and a beta of 0.57. The company has a 50 day moving average price of $2.07 and a 200 day moving average price of $2.22. THUMZUP MEDIA has a 1 year low of $1.51 and a 1 year high of $5.94.

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

Wall Street Analysts Forecast Growth

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

About THUMZUP MEDIA

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.