Does Tengasco Inc (NYSEAMERICAN:TGC) Have Gas After Even Less Sellers Involved?

July 14, 2018 - By Harriett Tippett

The stock of Tengasco Inc (NYSEAMERICAN:TGC) registered a decrease of 59.57% in short interest. TGC’s total short interest was 1,900 shares in July as published by FINRA. Its down 59.57% from 4,700 shares, reported previously. The short interest to Tengasco Inc’s float is 0.04%.

The stock increased 6.13% or $0.069 during the last trading session, reaching $1.189. About 584,515 shares traded or 512.25% up from the average. Tengasco, Inc. (NYSEAMERICAN:TGC) has risen 1.49% since July 14, 2017 and is uptrending. It has underperformed by 11.08% 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 $12.63 million. It primarily holds interests in the gas and oil properties located in Kansas. It has a 15.24 P/E ratio. 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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