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

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

Turbo Energy Stock Down 8.2%

Shares of NASDAQ:TURB opened at $0.85 on Friday. The company has a 50 day moving average of $1.04 and a 200-day moving average of $1.46. Turbo Energy has a twelve month low of $0.57 and a twelve month high of $6.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised 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 has an average rating of “Sell”.

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 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.