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

Tigo Energy, Inc. (NASDAQ:TYGO) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 86,800 shares, a decline of 36.2% from the February 28th total of 136,000 shares. Based on an average daily trading volume, of 138,200 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

Tigo Energy Stock Performance

Tigo Energy stock opened at $0.86 on Friday. The business has a 50 day moving average of $0.95 and a 200-day moving average of $1.07. The company has a market capitalization of $53.37 million, a P/E ratio of -0.83 and a beta of 0.79. Tigo Energy has a 1 year low of $0.76 and a 1 year high of $1.85. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.96 and a quick ratio of 1.60.

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

Institutional Investors Weigh In On Tigo Energy

An institutional investor recently raised its position in Tigo Energy stock. Geode Capital Management LLC grew its position 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 SEC. The fund owned 234,893 shares of the company’s stock after purchasing 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 filing with the SEC. 15.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.