Tigo Energy, Inc. (NASDAQ:TYGO) Sees Significant Growth in Short Interest

Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report) saw 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. Approximately 0.3% of the company's shares are short sold. Based on an average daily volume of 21,300 shares, the short-interest ratio is currently 4.3 days.

Analysts Set New Price Targets

Separately, HC Wainwright restated a "buy" rating and issued a $3.00 target price on shares of Tigo Energy in a report on Wednesday, February 12th.

Tigo Energy Trading Up 4.9%

Shares of TYGO stock traded up $0.05 during trading hours on Tuesday, hitting $1.08. 39,927 shares of the company were exchanged, compared to its average volume of 56,388. The firm has a market cap of $66.98 million, a PE ratio of -1.04 and a beta of 0.77. Tigo Energy has a 1 year low of $0.58 and a 1 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 firm has a fifty day moving average of $0.86 and a 200 day moving average of $0.91.

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

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.