TNL Mediagene (NASDAQ:TNMG) Sees Significant Decrease in Short Interest

TNL Mediagene (NASDAQ:TNMG) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 119,590 shares, a decrease of 16.2% from the February 12th total of 142,701 shares. Currently, 7.9% of the company’s stock are sold short. Based on an average trading volume of 9,898 shares, the days-to-cover ratio is currently 12.1 days. Based on an average trading volume of 9,898 shares, the days-to-cover ratio is currently 12.1 days. Currently, 7.9% of the company’s stock are sold short.

Analyst Ratings Changes

A number of brokerages recently weighed in on TNMG. Benchmark raised their price objective on TNL Mediagene to $14.00 and gave the company a “speculative buy” rating in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TNL Mediagene in a research report on Thursday, December 18th. Finally, Wall Street Zen downgraded TNL Mediagene from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. 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 presently has a consensus rating of “Hold” and an average price target of $14.00.

TNL Mediagene Trading Down 1.6%

Shares of TNL Mediagene stock opened at $2.44 on Monday. TNL Mediagene has a 1 year low of $1.94 and a 1 year high of $29.60. The company’s fifty day simple moving average is $2.99 and its 200-day simple moving average is $4.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.38 and a current ratio of 0.38.

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.