Turbo Energy, S.A. (NASDAQ:TURB – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 393,335 shares, an increase of 90.2% from the September 15th total of 206,812 shares. Based on an average daily trading volume, of 9,159,988 shares, the short-interest ratio is presently 0.0 days.
Turbo Energy Stock Down 2.1%
NASDAQ TURB opened at $0.87 on Friday. The company has a 50 day moving average of $1.12 and a 200-day moving average of $1.47. Turbo Energy has a 1-year low of $0.57 and a 1-year high of $6.50.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Turbo Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Turbo Energy currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on TURB
Institutional Investors Weigh In On Turbo Energy
A hedge fund recently raised its position in Turbo Energy stock. SmartHarvest Portfolios LLC raised its holdings in Turbo Energy, S.A. (NASDAQ:TURB – Free Report) by 411.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,105 shares of the company’s stock after purchasing an additional 89,364 shares during the quarter. SmartHarvest Portfolios LLC’s holdings in Turbo Energy were worth $297,000 as of its most recent SEC filing.
About Turbo Energy
Turbo Energy, SA is a Spain-based clean-energy technology company focused on solar power generation and energy storage. The company develops integrated systems intended to help households and businesses increase the use of electricity generated by their photovoltaic installations while improving energy management.
Its product portfolio includes the SUNBOX line of solar energy storage systems, which combines photovoltaic inverters, battery storage and energy-management software. Turbo Energy also offers solutions designed for industrial and commercial applications, as well as digital tools that enable users to monitor and manage energy production, consumption and storage.
Turbo Energy is headquartered in Valencia, Spain, and serves customers through the European solar-energy market and other international markets.
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