Turbo Energy, S.A. (NASDAQ:TURB) Short Interest Update

Turbo Energy, S.A. (NASDAQ:TURB) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 283,517 shares, a decrease 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.

Hedge Funds Weigh In On Turbo Energy

A hedge fund recently bought a new stake in Turbo Energy stock. XTX Topco Ltd acquired a new stake in Turbo Energy, S.A. (NASDAQ:TURB) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 28,301 shares of the company’s stock, valued at approximately $26,000.

Turbo Energy Stock Performance

Shares of NASDAQ:TURB opened at $1.11 on Friday. The company’s 50 day moving average price is $1.40 and its two-hundred day moving average price is $1.66. Turbo Energy has a 12-month low of $0.57 and a 12-month high of $20.45.

Analyst Ratings Changes

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

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.