Short Interest in Tecogen Inc. (OTCMKTS:TGEN) Decreases By 94.4%

Tecogen Inc. (OTCMKTS:TGEN) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decline of 94.4% from the February 29th total of 1,800 shares. Based on an average daily volume of 11,700 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Benchmark lowered shares of Tecogen from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th.

Tecogen Price Performance

OTCMKTS TGEN opened at $0.72 on Thursday. The company’s 50-day simple moving average is $0.71 and its 200 day simple moving average is $0.80. Tecogen has a twelve month low of $0.63 and a twelve month high of $1.29.

Tecogen (OTCMKTS:TGEN) last issued its earnings results on Wednesday, March 13th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $5.90 million during the quarter, compared to analyst estimates of $7.31 million. Tecogen had a negative net margin of 18.29% and a negative return on equity of 28.09%.

Tecogen Company Profile

Tecogen Inc manufactures, installs, and maintains ultra-clean cogeneration products for multi-family residential, commercial, recreational and industrial use in the United States and internationally. It operates through Products, Services, and Energy Production segments. The Products segment designs, manufactures, and sells industrial and commercial cogeneration systems.