Short Interest in TNL Mediagene (NASDAQ:TNMG) Declines By 17.3%

TNL Mediagene (NASDAQ:TNMG) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 98,864 shares, a drop of 17.3% from the February 26th total of 119,590 shares. Currently, 6.6% of the shares of the company are short sold. Based on an average daily volume of 11,809 shares, the short-interest ratio is presently 8.4 days.

TNL Mediagene Price Performance

NASDAQ:TNMG opened at $1.84 on Wednesday. TNL Mediagene has a fifty-two week low of $1.63 and a fifty-two week high of $26.40. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $2.81 and a 200-day moving average price of $4.45.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TNL Mediagene in a report on Thursday, December 18th. Wall Street Zen cut shares of TNL Mediagene from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Finally, Benchmark upped their price target on shares of TNL Mediagene to $14.00 and gave the company a “speculative buy” rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.00.

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.