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

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

Institutional Investors Weigh In On Turbo Energy

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

Turbo Energy Price Performance

TURB stock opened at $1.36 on Tuesday. The business’s 50-day moving average is $1.70 and its two-hundred day moving average is $1.51. Turbo Energy has a fifty-two week low of $0.57 and a fifty-two week high of $20.45.

Turbo Energy (NASDAQ:TURBGet Free Report) last released its quarterly earnings results 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.

Analysts Set New Price Targets

Separately, 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, According to MarketBeat, Turbo Energy has an average rating of “Sell”.

Get Our Latest Stock Report on Turbo Energy

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.

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