Tengasco, Inc. (TGC) Short Interest Up 276.5% in December

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Tengasco, Inc. (NYSEAMERICAN:TGC) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 83,818 shares, an increase of 276.5% from the December 14th total of 22,261 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 34,535 shares, the short-interest ratio is currently 2.4 days.

Shares of NYSEAMERICAN TGC opened at $0.93 on Friday. Tengasco has a fifty-two week low of $0.59 and a fifty-two week high of $2.47.

Tengasco (NYSEAMERICAN:TGC) last announced its quarterly earnings data on Wednesday, November 14th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $1.65 million during the quarter.

Separately, TheStreet upgraded Tengasco from a “d+” rating to a “c” rating in a report on Thursday, November 15th.

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Tengasco Company Profile

Tengasco, Inc, together with its subsidiaries, explores for and produces oil and natural gas in the United States. It primarily holds interests in the oil and gas properties located in Kansas. As of December 31, 2017, the company had 175 producing oil wells, 20 shut-in wells, and 38 active disposal wells.

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