Short Interest in Turbo Energy, S.A. (NASDAQ:TURB) Expands By 81.0%

Turbo Energy, S.A. (NASDAQ:TURB) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 812,062 shares, an increase of 81.0% from the May 14th total of 448,669 shares. Based on an average trading volume of 583,747 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Turbo Energy stock. XTX Topco Ltd purchased a new stake in Turbo Energy, S.A. (NASDAQ:TURB) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,301 shares of the company’s stock, valued at approximately $26,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Turbo Energy to a “hold” rating in a research report on Saturday, April 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Turbo Energy Stock Down 4.8%

TURB stock traded down $0.08 during midday trading on Monday, reaching $1.50. The company had a trading volume of 116,513 shares, compared to its average volume of 3,599,825. The stock has a 50 day moving average price of $1.74 and a 200-day moving average price of $1.51. Turbo Energy has a 1-year low of $0.57 and a 1-year high of $20.45.

Turbo Energy (NASDAQ:TURB) last posted its quarterly earnings results on Saturday, May 16th. The company reported $0.03 EPS for the quarter. The company had revenue of $8.48 million during the quarter.

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.