Turbogen Ltd. (NASDAQ:TRBG) Sees Significant Increase in Short Interest

Turbogen Ltd. (NASDAQ:TRBG) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 13,602 shares. Based on an average trading volume of 239,583 shares, the short-interest ratio is currently 0.1 days.

Turbogen Stock Up 0.9%

NASDAQ:TRBG traded up $0.03 during trading hours on Tuesday, hitting $3.63. 12,169 shares of the stock traded hands, compared to its average volume of 126,772. Turbogen has a 1 year low of $3.50 and a 1 year high of $33.99.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on Turbogen in a research note on Friday. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Turbogen Company Profile

Turbogen Ltd. is an energy technology company focused on distributed power generation. The company develops compact power systems designed to provide reliable electricity for commercial, industrial, residential and other applications.

Its technology is based on microturbine systems that can support on-site power generation and combined heat and power applications. Turbogen’s solutions are intended to improve energy efficiency and provide an alternative or complement to conventional grid-supplied electricity.

Publicly available information about Turbogen’s operating footprint, product deployments and leadership is limited.