Short Interest in TNL Mediagene (NASDAQ:TNMG) Drops By 23.5%

TNL Mediagene (NASDAQ:TNMG) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 962,470 shares, a decline of 23.5% from the November 30th total of 1,258,257 shares. Based on an average daily volume of 798,498 shares, the short-interest ratio is presently 1.2 days. Currently, 6.2% of the shares of the stock are sold short. Currently, 6.2% of the shares of the stock are sold short. Based on an average daily volume of 798,498 shares, the short-interest ratio is presently 1.2 days.

Analysts Set New Price Targets

A number of research firms recently issued reports on TNMG. Wall Street Zen raised shares of TNL Mediagene to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of TNL Mediagene in a research note on Thursday, December 18th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $70.00.

TNL Mediagene Stock Performance

TNMG traded up $0.02 during trading on Tuesday, reaching $2.58. The company’s stock had a trading volume of 38,592 shares, compared to its average volume of 270,198. The firm has a fifty day simple moving average of $0.53 and a two-hundred day simple moving average of $0.46. TNL Mediagene has a 1 year low of $2.40 and a 1 year high of $193.80. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.14.

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.