Short Interest in Wallbox (NYSE:WBX) Expands By 35.1%

Wallbox (NYSE:WBX) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,040,000 shares, a growth of 35.1% from the February 13th total of 1,510,000 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average trading volume of 818,600 shares, the short-interest ratio is presently 2.5 days.

Wallbox Trading Up 4.2 %

Shares of WBX stock traded up $0.01 on Monday, hitting $0.37. 338,468 shares of the stock traded hands, compared to its average volume of 506,592. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of 0.93. Wallbox has a 52 week low of $0.34 and a 52 week high of $1.73. The firm has a 50 day simple moving average of $0.47 and a two-hundred day simple moving average of $0.74.

Institutional Trading of Wallbox

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Wallbox by 12.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 211,660 shares of the company’s stock valued at $258,000 after buying an additional 22,948 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Wallbox in the 4th quarter worth $84,000. XTX Topco Ltd bought a new position in shares of Wallbox during the 4th quarter valued at about $76,000. Alpine Global Management LLC purchased a new position in shares of Wallbox during the fourth quarter valued at about $54,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Wallbox in the fourth quarter worth about $32,000. Institutional investors own 36.94% of the company’s stock.

Wall Street Analysts Forecast Growth

WBX has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Wallbox from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Monday, March 10th. UBS Group dropped their price target on Wallbox from $1.25 to $0.50 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Canaccord Genuity Group reduced their price objective on Wallbox from $1.50 to $1.00 and set a “buy” rating for the company in a research report on Friday, February 28th.

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.