Short Interest in Tengasco, Inc. (TGC) Drops By 58.6%
Tengasco, Inc. (NYSEAMERICAN:TGC) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 40,400 shares, a decline of 58.6% from the November 15th total of 97,648 shares. Based on an average daily trading volume, of 88,387 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the company’s shares are short sold.
Tengasco (TGC) opened at $0.78 on Tuesday. Tengasco has a fifty-two week low of $0.37 and a fifty-two week high of $1.56.
Tengasco (NYSEAMERICAN:TGC) last released its earnings results on Monday, November 13th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $1.18 million during the quarter. Tengasco had a negative net margin of 26.72% and a negative return on equity of 24.32%.
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Tengasco, Inc 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.
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