Short Interest in Tigo Energy, Inc. (NASDAQ:TYGO) Declines By 70.4%

Key Points

• Tigo Energy experienced a significant decline in short interest, dropping 70.4% from 621,300 shares to 183,800 shares as of August 15th.
• Analysts have issued new price targets, with HC Wainwright raising its target from $3.00 to $6.00, reflecting a positive outlook for the stock.
• The company reported better-than-expected earnings of ($0.07) per share for the last quarter, surpassing the consensus estimate of ($0.09).

Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totaling 183,800 shares, adecreaseof70.4% from the July 31st total of 621,300 shares. Currently,0.6% of the company's stock are short sold. Based on an average daily volume of 885,100 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 885,100 shares, the days-to-cover ratio is presently 0.2 days. Currently,0.6% of the company's stock are short sold.

Analyst Ratings Changes

A number of analysts have recently issued reports on TYGO shares. Roth Capital raised shares of Tigo Energy from a "neutral" rating to a "buy" rating and set a $3.00 price target on the stock in a report on Thursday, July 31st. HC Wainwright raised their price target on shares of Tigo Energy from $3.00 to $6.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $4.50.

Tigo Energy Price Performance

Shares of NASDAQ:TYGO traded up $0.03 during midday trading on Friday, hitting $1.50. The company had a trading volume of 356,660 shares, compared to its average volume of 252,108. The company has a market cap of $98.61 million, a price-to-earnings ratio of -1.79 and a beta of 1.00. Tigo Energy has a 12-month low of $0.58 and a 12-month high of $1.80. The company has a fifty day moving average of $1.31 and a two-hundred day moving average of $1.07.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.02. Tigo Energy had a negative return on equity of 434.06% and a negative net margin of 69.01%.The firm had revenue of $24.06 million for the quarter, compared to analysts' expectations of $21.48 million. Tigo Energy has set its Q3 2025 guidance at EPS. Research analysts expect that Tigo Energy will post -0.43 earnings per share for the current fiscal year.

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.