Tigo Energy, Inc. (NASDAQ:TYGO) Short Interest Up 23.1% in November

Tigo Energy, Inc. (NASDAQ:TYGO) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 84,600 shares, an increase of 23.1% from the November 15th total of 68,700 shares. Based on an average daily volume of 31,100 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tigo Energy stock. Geode Capital Management LLC increased its position in shares of Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 234,893 shares of the company’s stock after buying an additional 146,634 shares during the period. Geode Capital Management LLC owned 0.39% of Tigo Energy worth $399,000 at the end of the most recent reporting period. 15.72% of the stock is currently owned by hedge funds and other institutional investors.

Tigo Energy Stock Performance

NASDAQ TYGO opened at $0.88 on Friday. The company has a market capitalization of $53.45 million, a price-to-earnings ratio of -1.04 and a beta of 0.81. The company has a quick ratio of 1.60, a current ratio of 3.96 and a debt-to-equity ratio of 1.14. Tigo Energy has a twelve month low of $0.77 and a twelve month high of $2.19. The stock has a fifty day simple moving average of $1.09 and a 200 day simple moving average of $1.32.

Tigo Energy (NASDAQ:TYGO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The company had revenue of $14.24 million during the quarter, compared to analyst estimates of $13.92 million. Tigo Energy had a negative net margin of 110.29% and a negative return on equity of 103.85%. During the same period in the previous year, the company posted ($0.89) EPS. Sell-side analysts expect that Tigo Energy will post -0.78 EPS for the current year.

Tigo Energy Company Profile

Tigo Energy, Inc provides solar and energy storage solutions for the solar industry. It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules. The company also provides GO Energy Storage Systems that provide solar energy storage management capabilities; and Energy Intelligence (EI) platform, which provides monitoring and energy demand forecasting capabilities.