TNL Mediagene (NASDAQ:TNMG) Short Interest Up 639.8% in September

TNL Mediagene (NASDAQ:TNMG) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 677,700 shares, a growth of 639.8% from the August 31st total of 91,600 shares. Approximately 3.9% of the shares of the company are sold short. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is currently 0.4 days. Approximately 3.9% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen raised TNL Mediagene to a “sell” rating in a research report on Saturday, June 21st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $3.50.

TNL Mediagene Stock Down 2.2%

TNMG stock opened at $0.27 on Wednesday. TNL Mediagene has a twelve month low of $0.25 and a twelve month high of $34.08. The company has a quick ratio of 0.53, a current ratio of 0.54 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $0.39 and its 200-day moving average price is $0.51.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TNL Mediagene stock. Mizuho Securities Co. Ltd. acquired a new stake in shares of TNL Mediagene (NASDAQ:TNMG) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 168,298 shares of the company’s stock, valued at approximately $128,000. TNL Mediagene makes up about 1.5% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 21st largest position. Mizuho Securities Co. Ltd. owned 2.56% of TNL Mediagene at the end of the most recent reporting period.

TNL Mediagene Company Profile

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.