Wallbox (NYSE:WBX) Short Interest Update

Wallbox (NYSE:WBX) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 1,860,000 shares, a decline of 24.1% from the August 15th total of 2,450,000 shares. Approximately 2.6% of the company’s stock are sold short. Based on an average daily volume of 319,800 shares, the short-interest ratio is presently 5.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. J. Stern & Co. LLP bought a new position in Wallbox during the second quarter valued at approximately $66,000. Aristides Capital LLC bought a new position in shares of Wallbox during the 4th quarter valued at $125,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Wallbox by 23.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 198,863 shares of the company’s stock worth $282,000 after buying an additional 38,249 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Wallbox in the fourth quarter worth $8,923,000. 36.94% of the stock is owned by hedge funds and other institutional investors.

Wallbox Price Performance

NYSE:WBX traded down $0.02 during mid-day trading on Friday, reaching $1.32. The company’s stock had a trading volume of 184,891 shares, compared to its average volume of 401,501. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 0.86. The firm’s fifty day moving average price is $1.40 and its two-hundred day moving average price is $1.42. Wallbox has a 12-month low of $1.21 and a 12-month high of $2.87.

Wall Street Analyst Weigh In

WBX has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of Wallbox from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Canaccord Genuity Group reduced their price target on shares of Wallbox from $4.00 to $3.25 and set a “buy” rating for the company in a research report on Tuesday, July 9th.

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.