Short Interest Alert: A Reversal for Tecogen Incorporated (NASDAQ:TGEN) Is Not Near. The Stock Has Rise in Shorts

November 17, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Alert: A Reversal for Tecogen Incorporated (NASDAQ:TGEN) Is Not Near. The Stock Has Rise in Shorts

The stock of Tecogen Incorporated (NASDAQ:TGEN) registered an increase of 7.27% in short interest. TGEN’s total short interest was 31,000 shares in November as published by FINRA. Its up 7.27% from 28,900 shares, reported previously. With 20,200 shares average volume, it will take short sellers 2 days to cover their TGEN’s short positions. The short interest to Tecogen Incorporated’s float is 0.23%. The stock last traded at $4.58 per share. It is down 16.54% since April 15, 2016 and is uptrending. It has outperformed by 11.92% the S&P500.

Tecogen Inc. designs, manufactures, sells and maintains cogeneration products, including combined heat and power , air conditioning systems and water heaters for residential, commercial, recreational and industrial use. The company has a market cap of $90.85 million. The Firm is engaged in the business of manufacturing and supporting CHP products based on engines fueled by natural gas. It currently has negative earnings. The Firm makes over three types of CHP products, such as cogeneration units that supply electricity and hot water, chillers that provide air-conditioning and hot water, and water heaters.

Insitutional Activity: The institutional sentiment decreased to 0.44 in 2016 Q2. Its down 0.56, from 1 in 2016Q1. The ratio fall, as 6 funds sold all Tecogen Inc shares owned while 3 reduced positions. 1 funds bought stakes while 3 increased positions. They now own 2.38 million shares or 15.97% less from 2.84 million shares in 2016Q1.
Royal Bank & Trust Of Canada owns 1.09M shares or 0% of their US portfolio. Blackrock Fund Advsrs reported 14,384 shares or 0% of all its holdings. Blackrock Invest Mngmt Limited Liability has 0% invested in the company for 1,947 shares. Bancshares Of America De reported 42 shares or 0% of all its holdings. Focused Wealth Inc accumulated 1 shares or 0% of the stock. Clear Harbor Asset, a New York-based fund reported 649,273 shares. Gamco Et Al, a New York-based fund reported 49,300 shares. Moreover, Bard Inc has 1.55% invested in Tecogen Inc (NASDAQ:TGEN) for 574,750 shares.

TGEN Company Profile

Tecogen Inc., incorporated on October 15, 2000, designs, makes, sells and maintains cogeneration products, including combined heat and power (CHP), air conditioning systems and water heaters for residential, commercial, recreational and industrial use. The Firm is engaged in the business of manufacturing and supporting CHP products based on engines fueled by natural gas. The Firm makes over three types of CHP products, such as cogeneration units that supply electricity and hot water, including InVerde 100, InVerde e+, CM-75 and CM-60; chillers that provide air-conditioning and hot water offered under the TECOCHILL brand name, and Ilios branded water heaters.

More notable recent Tecogen Inc (NASDAQ:TGEN) news were published by: Marketwatch.com which released: “Tecogen Inc.” on December 21, 2009, also Prnewswire.com with their article: “Tecogen Sells $1.4M Efficient Clean Energy System to Federal Prison” published on October 27, 2016, Prnewswire.com published: “Tecogen to Develop Cutting-Edge Ultera Emissions Technology for Fork Truck Market” on October 18, 2016. More interesting news about Tecogen Inc (NASDAQ:TGEN) were released by: Quotes.Wsj.com and their article: “Tecogen Inc. TGEN (US: Nasdaq)” published on February 12, 2011 as well as Prnewswire.com‘s news article titled: “Tecogen Announces First Sale of TEDOM Unit in U.S. via TTcogen JV” with publication date: August 03, 2016.

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By Marguerite Chambers


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