Turbo Energy, S.A. (NASDAQ:TURB) Shares Shorted: Short Interest Down 49.6% in October

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

Turbo Energy Trading Down 1.4%

TURB traded down $0.01 during trading on Monday, hitting $0.84. 38,123 shares of the stock were exchanged, compared to its average volume of 2,546,944. The firm has a 50 day simple moving average of $1.04 and a 200 day simple moving average of $1.46. Turbo Energy has a 1 year low of $0.57 and a 1 year high of $6.50.

Wall Street Analyst Weigh In

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