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

Tigo Energy, Inc. (NASDAQ:TYGO) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 213,800 shares, a growth of 250.5% from the December 31st total of 61,000 shares. Based on an average daily volume of 129,800 shares, the short-interest ratio is presently 1.6 days. Approximately 0.7% of the company’s stock are short sold.

Tigo Energy Stock Up 5.7 %

NASDAQ:TYGO traded up $0.05 during mid-day trading on Friday, hitting $1.02. The stock had a trading volume of 581,854 shares, compared to its average volume of 387,328. The company has a market capitalization of $61.92 million, a PE ratio of -1.20 and a beta of 0.76. The stock has a 50-day simple moving average of $0.93 and a two-hundred day simple moving average of $1.18. Tigo Energy has a twelve month low of $0.76 and a twelve month 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.

Tigo Energy (NASDAQ:TYGO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The company had revenue of $14.24 million for the quarter, compared to analysts’ expectations 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 prior year, the firm posted ($0.89) EPS. On average, equities research analysts anticipate that Tigo Energy will post -0.78 EPS for the current year.

Institutional Investors Weigh In On Tigo Energy

An institutional investor recently raised its position in Tigo Energy stock. Geode Capital Management LLC grew its position in Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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. 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.