Turbo Energy, S.A. (NASDAQ:TURB) Stock Short Interest Declines 49.6%

Turbo Energy, S.A. (NASDAQ:TURB) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 198,326 shares, a decrease of 49.6% from the September 30th total of 393,335 shares. Based on an average daily trading volume, of 172,901 shares, the short-interest ratio is currently 1.1 days.

Turbo Energy Price Performance

TURB stock traded down $0.08 during midday trading on Friday, reaching $0.85. The stock had a trading volume of 119,961 shares, compared to its average volume of 2,559,024. The business has a fifty day simple moving average of $1.04 and a two-hundred day simple moving average of $1.46. Turbo Energy has a twelve month low of $0.57 and a twelve month high of $6.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Turbo Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Turbo Energy Company Profile

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.