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

Turbo Energy, S.A. (NASDAQ:TURB) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 547,541 shares, a decline of 35.4% from the June 15th total of 847,816 shares. Based on an average daily trading volume, of 155,544 shares, the short-interest ratio is presently 3.5 days.

Institutional Trading of Turbo Energy

A hedge fund recently bought a new stake in Turbo Energy stock. XTX Topco Ltd acquired a new stake in shares of Turbo Energy, S.A. (NASDAQ:TURB) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 28,301 shares of the company’s stock, valued at approximately $26,000.

Turbo Energy Stock Up 2.1%

TURB opened at $1.48 on Friday. The company has a 50 day moving average of $1.44 and a 200 day 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:TURB) last issued its earnings results on Saturday, May 16th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $8.48 million for the quarter.

Analyst Upgrades and Downgrades

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

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.