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

Tigo Energy, Inc. (NASDAQ:TYGO) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 213,800 shares, an increase of 250.5% from the December 31st total of 61,000 shares. Based on an average trading volume of 129,800 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.7% of the shares of the company are short sold.

Tigo Energy Stock Performance

NASDAQ:TYGO traded up $0.05 during midday trading on Friday, hitting $1.01. The company’s stock had a trading volume of 66,899 shares, compared to its average volume of 361,017. Tigo Energy has a fifty-two week low of $0.76 and a fifty-two week high of $2.12. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.96 and a quick ratio of 1.60. The firm has a market cap of $61.35 million, a P/E ratio of -1.19 and a beta of 0.76. The firm’s 50 day moving average is $0.93 and its 200-day moving average is $1.18.

Tigo Energy (NASDAQ:TYGO) last released its quarterly earnings data 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 business had revenue of $14.24 million during 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 quarter in the previous year, the company earned ($0.89) EPS. Equities analysts anticipate that Tigo Energy will post -0.78 earnings per share for the current fiscal year.

Institutional Investors 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 third quarter, according to its most recent disclosure with the SEC. The firm owned 234,893 shares of the company’s stock after acquiring an additional 146,634 shares during the period. Geode Capital Management LLC owned about 0.39% of Tigo Energy worth $399,000 at the end of the most recent quarter. 15.72% of the stock is currently 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.