Turbo Energy, S.A. (NASDAQ:TURB – Get 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:TURB – Free 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.
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
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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