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

Tigo Energy, Inc. (NASDAQ:TYGO) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 73,700 shares, a decline of 15.1% from the March 15th total of 86,800 shares. Based on an average trading volume of 137,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of Tigo Energy in a report on Wednesday, February 12th.

Tigo Energy Stock Performance

Shares of TYGO stock opened at $0.79 on Tuesday. 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 50-day moving average of $0.87 and a 200-day moving average of $0.97. Tigo Energy has a one year low of $0.58 and a one year high of $1.85. The company has a market cap of $49.10 million, a P/E ratio of -0.76 and a beta of 0.78.

Tigo Energy (NASDAQ:TYGO) last posted its earnings results on Tuesday, February 11th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.29). Tigo Energy had a negative return on equity of 142.03% and a negative net margin of 116.17%. Equities research analysts forecast that Tigo Energy will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

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 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 234,893 shares of the company’s stock after buying an additional 146,634 shares during the quarter. Geode Capital Management LLC owned approximately 0.39% of Tigo Energy worth $399,000 as of its most recent SEC filing. 15.72% of the stock is 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.