Tecogen Inc. (OTCMKTS:TGEN) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,200 shares, a decline of 67.6% from the December 15th total of 6,800 shares. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is currently 0.1 days.
Separately, Zacks Investment Research raised Tecogen from a “sell” rating to a “hold” rating in a research report on Thursday.
Shares of Tecogen stock opened at $1.18 on Friday. The business has a fifty day simple moving average of $1.36 and a 200-day simple moving average of $1.68. Tecogen has a fifty-two week low of $1.00 and a fifty-two week high of $2.58.
Tecogen, Inc engages in the design, manufacture, marketing, and maintenance of cogeneration and combined heat and power products. It operates through the Products and Services, and Energy Production segments. The Products and Services segment designs, manufactures, and retails industrial and commercial cogeneration systems.
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