Short Interest in Tecogen Inc. (OTCMKTS:TGEN) Decreases By 94.4%

Tecogen Inc. (OTCMKTS:TGEN) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 94.4% from the February 29th total of 1,800 shares. Based on an average daily volume of 11,700 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Benchmark lowered shares of Tecogen from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th.

Tecogen Stock Up 2.1 %

Shares of TGEN opened at $0.72 on Thursday. The stock has a 50 day moving average price of $0.71 and a 200 day moving average price of $0.80. Tecogen has a 52-week low of $0.63 and a 52-week high of $1.29.

Tecogen (OTCMKTS:TGEN) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $5.90 million during the quarter, compared to analyst estimates of $7.31 million. Tecogen had a negative net margin of 18.29% and a negative return on equity of 28.09%.

Tecogen Company Profile

Tecogen Inc manufactures, installs, and maintains ultra-clean cogeneration products for multi-family residential, commercial, recreational and industrial use in the United States and internationally. It operates through Products, Services, and Energy Production segments. The Products segment designs, manufactures, and sells industrial and commercial cogeneration systems.