What’s Tecogen Inc (NASDAQ:TGEN) Upside After This Short Interest Decrease?

June 12, 2018 - By Kurt Siggers

Tecogen Inc. (NASDAQ:TGEN) Logo

Investors sentiment decreased to 0.83 in Q1 2018. Its down 0.37, from 1.2 in 2017Q4. It turned negative, as 2 investors sold Tecogen Inc. shares while 4 reduced holdings. 4 funds opened positions while 1 raised stakes. 2.56 million shares or 3.82% more from 2.47 million shares in 2017Q4 were reported.
210,526 are held by Herald Investment Mngmt. Morgan Stanley, a New York-based fund reported 101 shares. Blb&B Advsrs Limited Liability Company holds 0.01% in Tecogen Inc. (NASDAQ:TGEN) or 27,784 shares. Millennium Management Limited Liability Corp stated it has 12,597 shares or 0% of all its holdings. Vanguard Grp Inc invested 0% in Tecogen Inc. (NASDAQ:TGEN). Barclays Public Ltd Com accumulated 1 shares. Gamco Invsts Et Al reported 46,430 shares. Blackrock Inc holds 0% in Tecogen Inc. (NASDAQ:TGEN) or 44,077 shares. Clear Harbor Asset Lc stated it has 0.37% of its portfolio in Tecogen Inc. (NASDAQ:TGEN). Essex Management Ltd Limited Liability Company invested in 94,211 shares or 0.04% of the stock. Bard, Illinois-based fund reported 570,650 shares. Banque Pictet & Cie Sa accumulated 450,000 shares. Parsons Capital Ri reported 34,967 shares. Ledyard Bankshares has invested 0% in Tecogen Inc. (NASDAQ:TGEN).

The stock of Tecogen Inc (NASDAQ:TGEN) registered a decrease of 30.51% in short interest. TGEN’s total short interest was 59,000 shares in June as published by FINRA. Its down 30.51% from 84,900 shares, reported previously. With 42,100 shares average volume, it will take short sellers 1 days to cover their TGEN’s short positions. The short interest to Tecogen Inc’s float is 0.33%.

The stock decreased 1.94% or $0.07 during the last trading session, reaching $3.54. About 12,819 shares traded. Tecogen Inc. (NASDAQ:TGEN) has risen 13.17% since June 12, 2017 and is uptrending. It has outperformed by 0.60% the S&P500.

Tecogen Inc. designs, manufactures, and sells industrial and commercial cogeneration systems that produce combinations of electricity, hot water, and air conditioning in the United States, the United Kingdom, Mexico, Ireland, and internationally. The company has market cap of $87.86 million. It offers InVerde 100, InVerde e+, CM-75, and CM-60 cogeneration units that supply electricity and hot water; TECOCHILL branded chillers that provide air-conditioning and hot water; and water heaters under the Ilios brand. It has a 1770 P/E ratio. The firm also provides long-term maintenance contracts, parts sales, and turnkey installation services through a network of nine field service centers in California, the Midwest, and the Northeast.

More notable recent Tecogen Inc. (NASDAQ:TGEN) news were published by: Benzinga.com which released: “Benzinga’s Daily Biotech Pulse: Aytu Rallies On Earnings, Evolus Awaits FDA Verdict, BofA Conference Underway” on May 15, 2018, also Nasdaq.com with their article: “Massachusetts Indoor Growing Company Orders Both Tecochill Chillers and Inverde e+ Cogeneration Equipment for …” published on May 23, 2018, Globenewswire.com published: “Tecogen InVerde CHP Platform Reaches Operational Milestone” on June 06, 2018. More interesting news about Tecogen Inc. (NASDAQ:TGEN) were released by: Benzinga.com and their article: “6 Stocks Moving In Monday’s After-Hours Session” published on June 04, 2018 as well as Nasdaq.com‘s news article titled: “Tecogen Announces First Quarter 2018 Results” with publication date: May 15, 2018.

Tecogen Inc. (NASDAQ:TGEN) Institutional Positions Chart

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