Turbo Energy, S.A. (NASDAQ:TURB) Short Interest Down 55.2% in August

Turbo Energy, S.A. (NASDAQ:TURB) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 283,517 shares, a decline of 55.2% from the July 30th total of 633,512 shares. Based on an average daily volume of 327,652 shares, the days-to-cover ratio is presently 0.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Turbo Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Turbo Energy stock. SmartHarvest Portfolios LLC raised its stake in shares of Turbo Energy, S.A. (NASDAQ:TURB) by 411.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,105 shares of the company’s stock after purchasing an additional 89,364 shares during the quarter. SmartHarvest Portfolios LLC’s holdings in Turbo Energy were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Turbo Energy Price Performance

NASDAQ:TURB traded up $0.07 during trading hours on Monday, hitting $1.18. 83,379 shares of the company’s stock traded hands, compared to its average volume of 2,577,817. Turbo Energy has a 52 week low of $0.57 and a 52 week high of $20.45. The business’s fifty day simple moving average is $1.40 and its two-hundred day simple moving average is $1.67.

About Turbo Energy

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.