Short Interest in Turbo Energy, S.A. (NASDAQ:TURB) Drops By 35.4%

Turbo Energy, S.A. (NASDAQ:TURBGet Free Report) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 547,541 shares, a decrease of 35.4% from the June 15th total of 847,816 shares. Based on an average daily volume of 155,544 shares, the days-to-cover ratio is currently 3.5 days.

Wall Street Analysts Forecast Growth

TURB has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Turbo Energy in a research report on Thursday, July 2nd. Wall Street Zen upgraded Turbo Energy to a “hold” rating in a report on Saturday, April 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Turbo Energy presently has a consensus rating of “Sell”.

View Our Latest Stock Report on Turbo Energy

Turbo Energy Trading Up 2.1%

Shares of Turbo Energy stock opened at $1.48 on Friday. The stock has a fifty day simple moving average of $1.44 and a 200 day simple moving average of $1.58. Turbo Energy has a 12-month low of $0.57 and a 12-month high of $20.45.

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

Institutional Inflows and Outflows

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

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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