Tengasco Inc (NYSEAMERICAN:TGC) Could Burn Your Long Portfolio After More Shorts

April 16, 2018 - By Richard Conner

The stock of Tengasco Inc (NYSEAMERICAN:TGC) registered an increase of 12.73% in short interest. TGC’s total short interest was 48,700 shares in April as published by FINRA. Its up 12.73% from 43,200 shares, reported previously. With 25,300 shares average volume, it will take short sellers 2 days to cover their TGC’s short positions. The short interest to Tengasco Inc’s float is 0.94%.

It closed at $0.76 lastly. It is up 67.50% since April 16, 2017 and is uptrending. It has outperformed by 55.95% the S&P500.

Tengasco, Inc., together with its subsidiaries, explores for and produces oil and natural gas in the United States. The company has market cap of $8.08 million. It primarily holds interests in the gas and oil properties located in Kansas. It currently has negative earnings. As of December 31, 2016, the firm had 177 producing oil wells, 23 shut-in wells, and 38 active disposal wells.

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