Turbogen Ltd. (NASDAQ:TRBG – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 29,459 shares, a growth of 116.6% from the September 15th total of 13,602 shares. Based on an average daily volume of 54,819 shares, the days-to-cover ratio is currently 0.5 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings began coverage on Turbogen in a research note on Friday, September 25th. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Turbogen has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on Turbogen
Turbogen Stock Down 1.1%
Turbogen Company Profile
Turbogen Ltd. is an energy technology company that develops compact gas-turbine systems for distributed power generation. Its technology is designed to produce electricity close to where it is consumed, supporting applications that may require reliable, decentralized energy.
The company’s product portfolio centers on microturbine-based power-generation systems. These systems are intended for use in commercial, industrial and other energy applications, with potential support for combined heat and power configurations depending on the installation.
Publicly available information about Turbogen’s operating history, geographic markets and leadership is limited.
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