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

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

Institutional Inflows and Outflows

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

Turbo Energy Stock Up 4.2%

Turbo Energy stock opened at $1.48 on Wednesday. Turbo Energy has a 1-year low of $0.57 and a 1-year high of $20.45. The firm’s fifty day moving average price is $1.67 and its two-hundred day moving average price is $1.51.

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

Analyst Ratings Changes

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

Read Our Latest Analysis on TURB

About Turbo Energy

(Get Free Report)

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.

Further Reading

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