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

Tigo Energy, Inc. (NASDAQ:TYGO) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 86,800 shares, a decrease of 36.2% from the February 28th total of 136,000 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 138,200 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Tigo Energy

An institutional investor recently raised its position in Tigo Energy stock. Geode Capital Management LLC grew its stake in shares of Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 234,893 shares of the company’s stock after buying 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 hedge funds and other institutional investors.

Tigo Energy Stock Performance

Tigo Energy stock opened at $0.86 on Friday. Tigo Energy has a fifty-two week low of $0.76 and a fifty-two week high of $1.85. The firm’s fifty day moving average price is $0.95 and its 200-day moving average price is $1.07. The stock has a market cap of $53.37 million, a P/E ratio of -0.83 and a beta of 0.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.60 and a current ratio of 3.96.

Tigo Energy (NASDAQ:TYGO) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.29). Tigo Energy had a negative return on equity of 142.03% and a negative net margin of 116.17%. On average, equities research analysts expect that Tigo Energy will post -0.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of Tigo Energy in a research report on Wednesday, February 12th.

About Tigo Energy

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.