Tigo Energy, Inc. (NASDAQ:TYGO) Short Interest Up 37.4% in August

Key Points

• Tigo Energy, Inc. experienced a significant increase in short interest, rising 37.4% to 252,600 shares as of August 31st, with a days-to-cover ratio of 0.3 days.
• Analyst ratings have improved for Tigo Energy, with Roth Capital upgrading the stock to a "buy" rating and setting a price target of $3.00, while consensus recommends a "buy" with a price target of $4.50.
• In its latest quarterly earnings, Tigo Energy reported an EPS of ($0.07), beating estimates, and revenue of $24.06 million, surpassing expectations of $21.48 million.

Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 252,600 shares, an increase of 37.4% from the August 15th total of 183,800 shares. Based on an average daily volume of 936,100 shares, the short-interest ratio is currently 0.3 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 936,100 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TYGO shares. Wall Street Zen upgraded shares of Tigo Energy to a "hold" rating in a research report on Saturday, September 13th. Roth Capital raised shares of Tigo Energy from a "neutral" rating to a "buy" rating and set a $3.00 price objective for the company in a research note on Thursday, July 31st. Finally, HC Wainwright upped their price objective on shares of Tigo Energy from $3.00 to $6.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tigo Energy has a consensus rating of "Buy" and an average target price of $4.50.

Tigo Energy Stock Up 13.3%

Shares of NASDAQ:TYGO traded up $0.24 during trading on Friday, reaching $2.05. The stock had a trading volume of 1,181,848 shares, compared to its average volume of 372,276. Tigo Energy has a 52 week low of $0.58 and a 52 week high of $2.10. The firm has a market capitalization of $134.77 million, a price-to-earnings ratio of -2.44 and a beta of 1.00. The stock has a fifty day simple moving average of $1.40 and a two-hundred day simple moving average of $1.13.

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