Tengasco, Inc. (NYSEAMERICAN:TGC) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 56,200 shares, a drop of 12.2% from the May 30th total of 64,000 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 10,800 shares, the days-to-cover ratio is currently 5.2 days.
NYSEAMERICAN:TGC opened at $0.85 on Friday. Tengasco has a twelve month low of $0.70 and a twelve month high of $1.51.
Tengasco (NYSEAMERICAN:TGC) last issued its earnings results on Tuesday, May 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $1.17 million for the quarter.
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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