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

Tigo Energy, Inc. (NASDAQ:TYGO) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 84,600 shares, an increase of 23.1% from the November 15th total of 68,700 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 31,100 shares, the days-to-cover ratio is presently 2.7 days.

Tigo Energy Stock Up 1.1 %

Tigo Energy stock traded up $0.01 on Monday, hitting $0.89. 10,582 shares of the stock traded hands, compared to its average volume of 49,364. 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 cap of $54.06 million, a P/E ratio of -1.04 and a beta of 0.81. The business’s fifty day simple moving average is $1.09 and its 200 day simple moving average is $1.32. Tigo Energy has a 1 year low of $0.77 and a 1 year high of $2.19.

Tigo Energy (NASDAQ:TYGO) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The business had revenue of $14.24 million during the quarter, compared to the consensus estimate 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 previous year, the business posted ($0.89) earnings per share. As a group, sell-side analysts forecast that Tigo Energy will post -0.78 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Tigo Energy stock. Geode Capital Management LLC increased its holdings in Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,893 shares of the company’s stock after purchasing an additional 146,634 shares during the period. Geode Capital Management LLC owned 0.39% of Tigo Energy worth $399,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.72% of the company’s stock.

About Tigo Energy

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.