Tigo Energy, Inc. (NASDAQ:TYGO) Sees Significant Decrease in Short Interest

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

Tigo Energy Stock Performance

Shares of NASDAQ TYGO opened at $0.84 on Friday. The firm has a market capitalization of $51.02 million, a price-to-earnings ratio of -0.99 and a beta of 0.76. Tigo Energy has a one year low of $0.76 and a one year high of $2.12. The business has a fifty day simple moving average of $0.94 and a 200 day simple moving average of $1.22. 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 (NASDAQ:TYGO) last posted its 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 business had revenue of $14.24 million during the quarter, compared to the consensus estimate of $13.92 million. Tigo Energy had a negative net margin of 110.29% and a negative return on equity of 103.85%. During the same period in the previous year, the firm earned ($0.89) EPS. Sell-side analysts expect that Tigo Energy will post -0.78 EPS for the current year.

Institutional Trading of Tigo Energy

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

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.