Turbo Energy, S.A. (NASDAQ:TURB) Stock Short Interest Falls 49.6%

Turbo Energy, S.A. (NASDAQ:TURB – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 198,326 shares, a decline of 49.6% from the September 30th total of 393,335 shares. Based on an average daily volume of 172,901 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Turbo Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Turbo Energy currently has an average rating of “Sell”.

View Our Latest Research Report on TURB

Turbo Energy Stock Down 8.2%

Shares of NASDAQ:TURB opened at $0.85 on Friday. The business has a fifty day simple moving average of $1.04 and a 200-day simple moving average of $1.46. Turbo Energy has a 52 week low of $0.57 and a 52 week high of $6.50.

About Turbo Energy

(Get Free Report)

Turbo Energy, SA is a Spain-based clean-energy technology company focused on solar power generation and energy storage. The company develops integrated systems intended to help households and businesses increase the use of electricity generated by their photovoltaic installations while improving energy management.

Its product portfolio includes the SUNBOX line of solar energy storage systems, which combines photovoltaic inverters, battery storage and energy-management software. Turbo Energy also offers solutions designed for industrial and commercial applications, as well as digital tools that enable users to monitor and manage energy production, consumption and storage.

Turbo Energy is headquartered in Valencia, Spain, and serves customers through the European solar-energy market and other international markets.

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