Short Interest in Tigo Energy, Inc. (NASDAQ:TYGO) Grows By 947.7%

Tigo Energy, Inc. (NASDAQ:TYGO) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 621,300 shares, agrowthof947.7% from the July 15th total of 59,300 shares. Approximately2.1% of the company’s stock are short sold. Based on an average trading volume of 847,600 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 847,600 shares, the days-to-cover ratio is currently 0.7 days. Approximately2.1% of the company’s stock are short sold.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TYGO shares. HC Wainwright raised their price target on shares of Tigo Energy from $3.00 to $6.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Roth Capital raised shares of Tigo Energy from a “neutral” rating to a “buy” rating and set a $3.00 target price for the company in a research note on Thursday, July 31st.

Tigo Energy Trading Down 1.6%

NASDAQ:TYGO opened at $1.25 on Friday. Tigo Energy has a 1-year low of $0.58 and a 1-year high of $1.80. The firm has a fifty day simple moving average of $1.28 and a 200 day simple moving average of $1.04. The stock has a market capitalization of $82.18 million, a PE ratio of -1.49 and a beta of 0.99.

Tigo Energy (NASDAQ:TYGO) last released its earnings results on Tuesday, July 29th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02. Tigo Energy had a negative net margin of 69.01% and a negative return on equity of 434.06%. The business had revenue of $24.06 million during the quarter, compared to analysts’ expectations of $21.48 million. On average, equities analysts predict that Tigo Energy will post -0.43 earnings per share for the current fiscal year.

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.