Tecogen Inc. (OTCMKTS:TGEN) Sees Large Decline in Short Interest

Tecogen Inc. (OTCMKTS:TGEN) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 1,600 shares, a drop of 76.5% from the February 28th total of 6,800 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 514,300 shares, the days-to-cover ratio is currently 0.0 days.

Tecogen Stock Down 13.0 %

Shares of TGEN stock traded down $0.34 during mid-day trading on Friday, reaching $2.27. 89,834 shares of the company were exchanged, compared to its average volume of 188,290. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.70 and a current ratio of 1.53. The business’s 50 day simple moving average is $2.44 and its 200 day simple moving average is $1.64. The company has a market capitalization of $56.72 million, a P/E ratio of -10.81 and a beta of 1.05. Tecogen has a fifty-two week low of $0.59 and a fifty-two week high of $3.40.

Tecogen (OTCMKTS:TGEN) last released its earnings results on Monday, March 17th. The company reported ($0.05) EPS for the quarter. Tecogen had a negative return on equity of 42.06% and a negative net margin of 24.15%. The firm had revenue of $6.08 million for the quarter.

About Tecogen

Tecogen Inc, together with its subsidiaries, designs, manufactures, markets, and maintains ultra-clean cogeneration products for multi-family residential, commercial, recreational, and industrial use primarily in the United States. It operates through three segments: Products, Services, and Energy Production.