Tengasco, Inc. (NYSEAMERICAN:TGC) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 83,818 shares, a growth of 276.5% from the December 14th total of 22,261 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 34,535 shares, the days-to-cover ratio is currently 2.4 days.
Separately, TheStreet upgraded shares of Tengasco from a “d+” rating to a “c” rating in a report on Thursday, November 15th.
Shares of TGC opened at $0.95 on Friday. Tengasco has a 12 month low of $0.59 and a 12 month high of $2.47.
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Tengasco, Inc, together with its subsidiaries, explores for and produces oil and natural gas in the United States. It primarily holds interests in the oil and gas properties located in Kansas. As of December 31, 2017, the company had 175 producing oil wells, 20 shut-in wells, and 38 active disposal wells.
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