Tigo Energy, Inc. (NASDAQ:TYGO) Short Interest Update

Tigo Energy, Inc. (NASDAQ:TYGO) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 61,000 shares, a drop of 26.2% from the December 15th total of 82,600 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 108,500 shares, the days-to-cover ratio is currently 0.6 days.

Tigo Energy Price Performance

Shares of NASDAQ TYGO traded up $0.02 during midday trading on Wednesday, hitting $0.85. 142,797 shares of the company’s stock were exchanged, compared to its average volume of 652,333. The business’s fifty day moving average price is $0.94 and its two-hundred day moving average price is $1.23. The company has a market cap of $51.63 million, a price-to-earnings ratio of -1.00 and a beta of 0.76. The company has a current ratio of 3.96, a quick ratio of 1.60 and a debt-to-equity ratio of 1.14. Tigo Energy has a 12-month low of $0.77 and a 12-month high of $2.12.

Tigo Energy (NASDAQ:TYGO) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.05). The company had revenue of $14.24 million during the quarter, compared to analysts’ expectations of $13.92 million. Tigo Energy had a negative return on equity of 103.85% and a negative net margin of 110.29%. During the same period in the prior year, the firm earned ($0.89) EPS. As a group, research analysts forecast that Tigo Energy will post -0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.