Turbogen Ltd. (NASDAQ:TRBG) Shares Shorted: Short Interest Up 116.6% in September

Turbogen Ltd. (NASDAQ:TRBG) was the recipient of a significant growth in short interest in the month of 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.

Turbogen Trading Down 1.1%

Shares of TRBG stock opened at $3.29 on Tuesday. Turbogen has a 1-year low of $3.11 and a 1-year high of $33.99.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Turbogen in a research note on Friday, September 25th. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Turbogen has an average rating of “Sell”.

About Turbogen

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.