Turbo Energy, S.A. (NASDAQ:TURB) Sees Large Decrease in Short Interest

Turbo Energy, S.A. (NASDAQ:TURB) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 283,517 shares, a decline of 55.2% from the July 30th total of 633,512 shares. Based on an average daily trading volume, of 327,652 shares, the short-interest ratio is currently 0.9 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised Turbo Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Turbo Energy

An institutional investor recently bought a new stake in Turbo Energy stock. XTX Topco Ltd bought a new stake in shares of Turbo Energy, S.A. (NASDAQ:TURB) in the 4th quarter, according to its most recent 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.

Turbo Energy Price Performance

NASDAQ TURB traded up $0.04 during trading on Friday, reaching $1.11. 25,396 shares of the company’s stock were exchanged, compared to its average volume of 2,592,979. Turbo Energy has a fifty-two week low of $0.57 and a fifty-two week high of $20.45. The business has a 50 day moving average price of $1.40 and a 200-day moving average price of $1.66.

Turbo Energy Company Profile

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.