Turbo Energy, S.A. (NASDAQ:TURB) Stock Short Interest Report for September

Turbo Energy, S.A. (NASDAQ:TURB) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 393,335 shares, an increase of 90.2% from the September 15th total of 206,812 shares. Based on an average daily trading volume, of 9,159,988 shares, the short-interest ratio is currently 0.0 days.

Turbo Energy Trading Down 1.0%

TURB traded down $0.01 during trading on Friday, reaching $0.88. 26,693 shares of the company traded hands, compared to its average volume of 2,683,520. The firm has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $1.47. Turbo Energy has a 12-month low of $0.57 and a 12-month high of $6.50.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Turbo Energy

An institutional investor recently raised its position in Turbo Energy stock. SmartHarvest Portfolios LLC increased its stake in shares of Turbo Energy, S.A. (NASDAQ:TURB) by 411.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 111,105 shares of the company’s stock after purchasing an additional 89,364 shares during the period. SmartHarvest Portfolios LLC’s holdings in Turbo Energy were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

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 photovoltaic storage solutions designed to help residential, commercial and industrial users generate, store and manage electricity from solar installations.

Its product portfolio includes the SUNBOX line of solar energy storage systems, including solutions for residential applications and larger systems for industrial and commercial use.