Short Interest in Tigo Energy, Inc. (NASDAQ:TYGO) Expands By 250.5%

Tigo Energy, Inc. (NASDAQ:TYGO) was the recipient of a significant increase in short interest during 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. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 129,800 shares, the short-interest ratio is presently 1.6 days.

Tigo Energy Trading Up 4.7 %

TYGO stock traded up $0.05 during trading on Friday, reaching $1.01. 66,899 shares of the stock were exchanged, compared to its average volume of 361,017. The business has a 50 day moving average price of $0.93 and a 200-day moving average price of $1.18. Tigo Energy has a 1 year low of $0.76 and a 1 year high of $2.12. The company has a current ratio of 3.96, a quick ratio of 1.60 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $61.35 million, a price-to-earnings ratio of -1.19 and a beta of 0.76.

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

Hedge Funds Weigh In On Tigo Energy

An institutional investor recently raised its position in Tigo Energy stock. Geode Capital Management LLC boosted its position in shares of Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 234,893 shares of the company’s stock after acquiring 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. Institutional investors and hedge funds 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.