Tigo Energy, Inc. (NASDAQ:TYGO) Short Interest Down 41.2% in July

Tigo Energy, Inc. (NASDAQ:TYGO) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 54,000 shares, a decrease of 41.2% from the June 30th total of 91,900 shares. Based on an average daily trading volume, of 39,100 shares, the short-interest ratio is currently 1.4 days. Approximately 0.2% of the company’s shares are sold short.

Tigo Energy Stock Up 7.6 %

NASDAQ TYGO traded up $0.12 during trading hours on Friday, hitting $1.70. The company had a trading volume of 13,993 shares, compared to its average volume of 24,828. Tigo Energy has a fifty-two week low of $0.86 and a fifty-two week high of $25.60. The company has a quick ratio of 2.31, a current ratio of 6.24 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $1.51 and its 200 day moving average is $1.34.

Tigo Energy (NASDAQ:TYGO) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. Tigo Energy had a negative return on equity of 61.94% and a negative net margin of 18.48%. The firm had revenue of $9.80 million during the quarter, compared to the consensus estimate of $11.22 million. On average, research analysts anticipate that Tigo Energy will post -0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TYGO. Roth Mkm upped their price objective on Tigo Energy from $1.40 to $1.50 and gave the stock a “neutral” rating in a report on Thursday, May 16th. HC Wainwright reiterated a “buy” rating and issued a $5.00 price target on shares of Tigo Energy in a report on Wednesday, May 15th.

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.