Short Interest in Wallbox (NYSE:WBX) Declines By 17.2%

Wallbox (NYSE:WBX) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 1,490,000 shares, a decrease of 17.2% from the January 15th total of 1,800,000 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average trading volume of 819,400 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WBX shares. Stifel Nicolaus lowered shares of Wallbox from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $3.00 to $1.50 in a report on Wednesday, October 30th. UBS Group lowered their price objective on Wallbox from $1.25 to $0.50 and set a “neutral” rating for the company in a report on Monday, January 27th. Canaccord Genuity Group reduced their target price on Wallbox from $3.25 to $1.50 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Robert W. Baird lowered their price target on Wallbox from $3.00 to $2.00 and set an “outperform” rating for the company in a report on Thursday, November 7th.

Wallbox Trading Up 4.5 %

WBX opened at $0.49 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $0.51 and its 200 day moving average price is $0.90. Wallbox has a fifty-two week low of $0.41 and a fifty-two week high of $1.73.

Institutional Trading of Wallbox

Hedge funds have recently made changes to their positions in the stock. Alpine Global Management LLC acquired a new stake in Wallbox in the fourth quarter worth $54,000. XTX Topco Ltd acquired a new stake in shares of Wallbox in the 4th quarter worth about $76,000. JPMorgan Chase & Co. bought a new stake in Wallbox in the 4th quarter valued at about $84,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Wallbox by 12.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 211,660 shares of the company’s stock valued at $258,000 after purchasing an additional 22,948 shares during the period. Institutional investors own 36.94% of the company’s stock.

Wallbox Company Profile

Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use worldwide. The company operates in three segments: Europe-Middle East and Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, Pulsar Plus Socket, Pulsar Max, and Pulsar Pro, an AC smart chargers for home and shared spaces; Commander 2, an AC smart charger for fleets and businesses with a 7-inch touchscreen display that provides a personalized and secure user interface for multiple users; Copper SB, an AC smart charger for fleets and businesses with an integrated socket that makes it compatible with both type 1 and type 2 charging cables; Quasar 2, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle; Supernova, a DC fast charger equipment designed for public use; and Hypernova that allows to optimize available power and adapt to the number of EVs connected for public charging along highways and transcontinental road networks; as well as Wallbox ABL eM4 Single and Twin chargers and eMC3 charging pole.