Turbogen Ltd. (NASDAQ:TRBG) Shares Shorted: Short Interest Up 116.6% in September

by · The Markets Daily

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

Turbogen Stock Down 2.0%

Shares of NASDAQ:TRBG opened at $3.25 on Wednesday. Turbogen has a 1-year low of $3.13 and a 1-year high of $33.99.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on Turbogen

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.

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