Turbogen Ltd. (NASDAQ:TRBG) Sees Large Growth in Short Interest

Turbogen Ltd. (NASDAQ:TRBG – Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 29,459 shares, an increase of 116.6% from the September 15th total of 13,602 shares. Based on an average trading volume of 54,819 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on Turbogen in a research report on Friday, September 25th. They set a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Turbogen has a consensus rating of “Sell”.

View Our Latest Stock Report on TRBG

Turbogen Stock Down 1.8%

Shares of Turbogen stock traded down $0.06 during trading on Thursday, hitting $3.24. 11,075 shares of the stock were exchanged, compared to its average volume of 103,347. Turbogen has a 12-month low of $3.13 and a 12-month high of $33.99.

Turbogen Company Profile

(Get Free Report)

Turbogen Ltd. is an energy technology company that develops compact gas-turbine systems for distributed power generation. Its technology is designed to produce electricity close to where it is consumed, supporting applications that may require reliable, decentralized energy.

The company’s product portfolio centers on microturbine-based power-generation systems. These systems are intended for use in commercial, industrial and other energy applications, with potential support for combined heat and power configurations depending on the installation.

Publicly available information about Turbogen’s operating history, geographic markets and leadership is limited.

See Also

Receive News & Ratings for Turbogen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turbogen and related companies with MarketBeat.com's FREE daily email newsletter.