TNL Mediagene (NASDAQ:TNMG) Sees Large Drop in Short Interest

TNL Mediagene (NASDAQ:TNMG) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 7,073 shares, a decrease of 97.7% from the August 31st total of 312,540 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily volume of 96,301 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

TNMG has been the topic of several research analyst reports. Wall Street Zen raised shares of TNL Mediagene to a “sell” rating in a research note on Saturday, September 12th. Weiss Ratings restated a “sell (e+)” rating on shares of TNL Mediagene in a research report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.00.

TNL Mediagene Stock Down 12.4%

NASDAQ TNMG traded down $0.62 on Friday, reaching $4.39. 68,303 shares of the stock traded hands, compared to its average volume of 2,199,890. TNL Mediagene has a 12 month low of $2.45 and a 12 month high of $98.21. The firm’s fifty day simple moving average is $3.52 and its 200 day simple moving average is $6.85. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.50 and a current ratio of 0.50.

About TNL Mediagene

TNL Mediagene Inc is a digital media and technology company serving audiences primarily in Japan and Taiwan. The company was formed through the combination of The News Lens and Mediagene, bringing together media operations focused on news, business, technology, culture, lifestyle and entertainment.

Its portfolio includes a range of digital publications and content brands, along with services for advertisers and other businesses. TNL Mediagene generates revenue through digital advertising, branded content, subscriptions, events, content licensing and related marketing solutions.

The company distributes content through websites, social media and other digital channels, and aims to connect audiences and brands across Asian markets.