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

Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 136,000 shares, a drop of 19.5% from the February 13th total of 169,000 shares. Approximately 0.5% of the company's shares are sold short. Based on an average daily volume of 140,600 shares, the days-to-cover ratio is currently 1.0 days.

Tigo Energy Stock Up 2.2 %

Tigo Energy stock traded up $0.02 during mid-day trading on Friday, reaching $0.95. 8,207 shares of the company's stock were exchanged, compared to its average volume of 61,269. The company has a fifty day moving average of $0.94 and a 200-day moving average of $1.08. The company has a market cap of $57.40 million, a P/E ratio of -0.88 and a beta of 0.79. The company has a quick ratio of 1.60, a current ratio of 3.96 and a debt-to-equity ratio of 1.14. Tigo Energy has a twelve month low of $0.76 and a twelve month high of $1.85.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts expect that Tigo Energy will post -0.43 EPS for the current year.

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Hedge Funds Weigh In On Tigo Energy

An institutional investor recently raised its position in Tigo Energy stock. Geode Capital Management LLC increased its holdings in shares of Tigo Energy, Inc. (NASDAQ:TYGO - Free Report) by 166.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter. Institutional investors and hedge funds own 15.72% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a "buy" rating and set a $3.00 price objective on shares of Tigo Energy in a research 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.