Short Interest in Tecogen Inc. (OTCMKTS:TGEN) Declines By 92.3%

Tecogen Inc. (OTCMKTS:TGEN – Get Rating) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 100 shares, a decline of 92.3% from the April 30th total of 1,300 shares. Based on an average trading volume of 16,500 shares, the days-to-cover ratio is currently 0.0 days.

Tecogen Stock Performance

Tecogen stock traded down $0.09 during mid-day trading on Friday, reaching $1.08. 2,440 shares of the company were exchanged, compared to its average volume of 9,965. Tecogen has a twelve month low of $0.70 and a twelve month high of $1.57. The firm’s 50-day simple moving average is $1.06 and its two-hundred day simple moving average is $1.17. The firm has a market cap of $26.84 million, a PE ratio of -7.31 and a beta of 0.94.

Tecogen (OTCMKTS:TGEN – Get Rating) last posted its quarterly earnings data on Thursday, March 16th. The company reported ($0.06) earnings per share for the quarter. Tecogen had a negative return on equity of 20.79% and a negative net margin of 17.55%. The company had revenue of $4.53 million for the quarter, compared to analyst estimates of $6.88 million. As a group, equities research analysts anticipate that Tecogen will post -0.15 EPS for the current year.

About Tecogen

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Tecogen, Inc engages in the production of commercial and industrial, natural-gas-fueled engine-driven, and combined heat and power (CHP) products. It operates through the Products, Services, and Energy Production segments. The Products segment designs, manufactures, and retails industrial and commercial cogeneration systems.