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

Tigo Energy, Inc. (NASDAQ:TYGO) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 61,000 shares, a decrease of 26.2% from the December 15th total of 82,600 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 108,500 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Tigo Energy

A hedge fund recently raised its stake in Tigo Energy stock. Geode Capital Management LLC boosted its stake in shares of Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 234,893 shares of the company’s stock after purchasing an additional 146,634 shares during the period. Geode Capital Management LLC owned 0.39% of Tigo Energy worth $399,000 as of its most recent filing with the SEC. 15.72% of the stock is currently owned by institutional investors.

Tigo Energy Stock Down 2.7 %

Shares of NASDAQ:TYGO traded down $0.02 during trading on Thursday, hitting $0.83. 36,211 shares of the company’s stock traded hands, compared to its average volume of 590,953. The company has a 50-day moving average price of $0.94 and a 200-day moving average price of $1.23. 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 52 week low of $0.76 and a 52 week high of $2.12. The company has a market cap of $50.24 million, a price-to-earnings ratio of -0.97 and a beta of 0.76.

Tigo Energy (NASDAQ:TYGO) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.05). The firm had revenue of $14.24 million for the quarter, compared to analyst estimates 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 last year, the company earned ($0.89) EPS. As a group, research analysts forecast that Tigo Energy will post -0.78 EPS for the current fiscal 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.