Short Interest in Tecogen Inc. (OTCMKTS:TGEN) Declines By 54.3%

Tecogen Inc. (OTCMKTS:TGEN) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 5,800 shares, a drop of 54.3% from the March 15th total of 12,700 shares. Based on an average daily volume of 18,500 shares, the short-interest ratio is currently 0.3 days.

TGEN traded down $0.01 on Thursday, reaching $1.62. The company’s stock had a trading volume of 12,126 shares, compared to its average volume of 33,000. Tecogen has a 1 year low of $0.60 and a 1 year high of $2.58. The business’s 50 day moving average is $1.88 and its 200 day moving average is $1.51. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.76 and a quick ratio of 1.93. The stock has a market cap of $40.26 million, a price-to-earnings ratio of -14.82 and a beta of 0.50.

Tecogen (OTCMKTS:TGEN) last released its earnings results on Thursday, March 11th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.06). Tecogen had a negative net margin of 8.22% and a negative return on equity of 11.64%. The business had revenue of $5.66 million for the quarter, compared to analysts’ expectations of $8.50 million. As a group, research analysts forecast that Tecogen will post -0.09 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut shares of Tecogen from a “hold” rating to a “sell” rating in a research report on Friday, March 19th.

Tecogen Company Profile

Tecogen Inc designs, manufactures, markets, and maintains industrial and commercial cogeneration systems that produce combinations of electricity, hot water, and air conditioning for residential, commercial, recreational, and industrial use in the United States and internationally. It operates in two segments, Products and Services, and Energy Production.

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