Turbogen Ltd. (NASDAQ:TRBG – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 50,763 shares, an increase of 72.3% from the September 30th total of 29,459 shares. Based on an average daily trading volume, of 64,921 shares, the short-interest ratio is currently 0.8 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings assumed coverage on shares of Turbogen in a research report on Friday, September 25th. They set a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Turbogen presently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on TRBG
Turbogen Stock Performance
Shares of NASDAQ TRBG opened at $3.51 on Tuesday. Turbogen has a 12-month low of $3.07 and a 12-month high of $33.99. The business’s fifty day moving average is $4.01.
Turbogen Company Profile
Turbogen is an energy technology company that develops distributed power-generation systems based on microturbine technology. Its systems are designed to generate electricity close to the point of consumption and may support combined heat and power applications.
The company’s technology is intended for commercial, industrial, and other energy users seeking onsite generation, energy efficiency, and reduced reliance on centralized power networks. Turbogen’s systems can be configured to use available fuels, including natural gas and other gaseous fuel sources, depending on the application.
Turbogen is based in Israel and focuses on developing and commercializing its microturbine-based energy solutions.
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