Short Interest in Tigo Energy, Inc. (NASDAQ:TYGO) Rises By 29.8%

Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 91,800 shares, an increase of 29.8% from the April 30th total of 70,700 shares. Currently, 0.3% of the company's shares are sold short. Based on an average daily volume of 21,300 shares, the days-to-cover ratio is currently 4.3 days.

Tigo Energy Stock Performance

NASDAQ TYGO traded up $0.00 on Thursday, hitting $1.10. The stock had a trading volume of 32,689 shares, compared to its average volume of 91,841. Tigo Energy has a one year low of $0.58 and a one year high of $1.85. The company has a quick ratio of 1.60, a current ratio of 3.96 and a debt-to-equity ratio of 1.14. The stock has a market cap of $68.22 million, a price-to-earnings ratio of -1.06 and a beta of 0.86. The company's 50-day moving average is $0.87 and its two-hundred day moving average is $0.91.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. Tigo Energy had a negative return on equity of 142.03% and a negative net margin of 116.17%. The business had revenue of $18.84 million for the quarter, compared to analysts' expectations of $17.56 million. On average, analysts expect that Tigo Energy will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a "buy" rating and set a $3.00 price objective on shares of Tigo Energy in a research note on Wednesday, February 12th.

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.