Short Interest Worth Watching: Tengasco Incorporated (NYSEMKT:TGC) Could Improve Your Long Portfolio After Less Shorts Reported

November 17, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Worth Watching: Tengasco Incorporated (NYSEMKT:TGC) Could Improve Your Long Portfolio After Less Shorts Reported

The stock of Tengasco Incorporated (NYSEMKT:TGC) registered a decrease of 31.17% in short interest. TGC’s total short interest was 38,200 shares in November as published by FINRA. Its down 31.17% from 55,500 shares, reported previously. With 54,800 shares average volume, it will take short sellers 1 days to cover their TGC’s short positions. The short interest to Tengasco Incorporated’s float is 1.04%. About 4,620 shares traded hands. Tengasco, Inc. (NYSEMKT:TGC) has declined 46.62% since April 15, 2016 and is downtrending. It has underperformed by 51.24% the S&P500.

Tengasco, Inc. is engaged in the business of exploration for and production of oil and natural gas. The company has a market cap of $4.87 million. The Company’s area of oil exploration and production is in Kansas. It currently has negative earnings. The Company’s subsidiary, Manufactured Methane Corporation operates treatment and delivery facilities in Church Hill, Tennessee, for the extraction of methane gas from a landfill for eventual sale as natural gas and for the generation of electricity.

TGC Company Profile

Tengasco, Inc., incorporated on April 18, 2011, is engaged in the business of exploration for and production of oil and natural gas. The Company’s area of oil exploration and production is in Kansas. The Company’s subsidiary, Manufactured Methane Corporation (MMC) operates treatment and delivery facilities in Church Hill, Tennessee, for the extraction of methane gas from a landfill for eventual sale as natural gas and for the generation of electricity. The principal markets for the Company’s crude oil are local refining companies. The Firm holds a working interest in over 210 gross wells.

More notable recent Tengasco, Inc. (NYSEMKT:TGC) news were published by: Marketwatch.com which released: “Tengasco Inc.” on December 22, 2009, also Prnewswire.com with their article: “Tengasco Announces Initial Filing for a Rights Offering” published on October 17, 2016, Prnewswire.com published: “Tengasco Announces Effective Date of Reverse Split of Company’s Common Stock” on March 24, 2016. More interesting news about Tengasco, Inc. (NYSEMKT:TGC) were released by: Bizjournals.com and their article: “Oil and gas company Tengasco to move HQ from Tennessee to Colorado” published on April 23, 2014 as well as Prnewswire.com‘s news article titled: “Tengasco Announces Third Quarter 2016 Financial Results” with publication date: November 14, 2016.

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By Hazel Jackson


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