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

July 14, 2018 - By Brian Ramirez

Tecogen Inc. (NASDAQ:TGEN) Logo

Investors sentiment decreased to 0.83 in Q1 2018. Its down 0.37, from 1.2 in 2017Q4. It dived, 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.
Parsons Capital Management Incorporated Ri stated it has 34,967 shares. Blb&B Advsr Ltd Co stated it has 27,784 shares or 0.01% of all its holdings. Herald Inv Management Ltd reported 0.18% stake. Banque Pictet & Cie holds 450,000 shares or 0.03% of its portfolio. Clear Harbor Asset Management Limited Liability Corporation invested in 0.37% or 667,682 shares. Vanguard Grp Inc Inc Inc invested in 0% or 397,728 shares. Morgan Stanley has invested 0% of its portfolio in Tecogen Inc. (NASDAQ:TGEN). Gamco Investors Et Al reported 46,430 shares stake. Millennium Management Ltd Limited Liability Company owns 12,597 shares. Barclays Public invested 0% of its portfolio in Tecogen Inc. (NASDAQ:TGEN). Blackrock Incorporated accumulated 44,077 shares. Essex Invest Mgmt Lc holds 0.04% or 94,211 shares. 570,650 are held by Bard Associates Inc. Ledyard Bancshares 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 July 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 0.24% or $0.01 during the last trading session, reaching $3.42. About 3,722 shares traded. Tecogen Inc. (NASDAQ:TGEN) has risen 13.17% since July 14, 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 $84.88 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 1710 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 news for Tecogen Inc. (NASDAQ:TGEN) were recently published by: Globenewswire.com, which released: “Tecogen Sells Replacement Chiller to Connecticut School System” on June 28, 2018. Nasdaq.com‘s article titled: “Japan’s Patent Office Grants Tecogen a Patent for its Ultera Emissions Technology” and published on June 21, 2018 is yet another important article.

Tecogen Inc. (NASDAQ:TGEN) Institutional Positions Chart

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