Short Interest in Turbo Energy, S.A. (NASDAQ:TURB) Expands By 81.0%

Turbo Energy, S.A. (NASDAQ:TURB) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 812,062 shares, a growth of 81.0% from the May 14th total of 448,669 shares. Based on an average daily trading volume, of 583,747 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On Turbo Energy

A hedge fund recently bought a new stake in Turbo Energy stock. XTX Topco Ltd bought a new stake in Turbo Energy, S.A. (NASDAQ:TURB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,301 shares of the company’s stock, valued at approximately $26,000.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Turbo Energy to a “hold” rating in a research note on Saturday, April 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Turbo Energy Trading Down 4.8%

TURB stock traded down $0.08 during midday trading on Monday, reaching $1.50. 116,513 shares of the company were exchanged, compared to its average volume of 3,599,825. The business has a 50-day moving average price of $1.74 and a two-hundred day moving average price of $1.51. Turbo Energy has a one year low of $0.57 and a one year high of $20.45.

Turbo Energy (NASDAQ:TURB) last released its quarterly earnings data on Saturday, May 16th. The company reported $0.03 EPS for the quarter. The company had revenue of $8.48 million for the quarter.

About Turbo Energy

Turbo Energy, SA designs, develops, and distributes equipment for the generation, management, and storage of photovoltaic energy in Spain, rest of Europe, and internationally. The company offers lithium-ion batteries; inverters; photovoltaic modules; Go Solar, a portable photovoltaic product; and Sunbox, an AI based software system that monitors the generation, use, and management of photovoltaic energy. It is also involved in the acquisition, distribution, and sale of electrical and electronic materials for the development of renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures.