Wallbox (NYSE:WBX) Short Interest Update

Wallbox (NYSE:WBX) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,600,000 shares, an increase of 27.5% from the February 28th total of 2,040,000 shares. Based on an average daily trading volume, of 785,900 shares, the days-to-cover ratio is currently 3.3 days. Currently, 3.2% of the company’s stock are short sold.

Wallbox Trading Down 2.0 %

WBX traded down $0.01 during trading on Wednesday, hitting $0.33. The company’s stock had a trading volume of 150,664 shares, compared to its average volume of 484,922. The business’s 50 day simple moving average is $0.42 and its 200-day simple moving average is $0.67. Wallbox has a one year low of $0.29 and a one year high of $1.73. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of 0.93.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group lowered their target price on shares of Wallbox from $1.25 to $0.50 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Stifel Nicolaus lowered their price objective on shares of Wallbox from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Canaccord Genuity Group cut their target price on shares of Wallbox from $1.50 to $1.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, Chardan Capital raised Wallbox to a “hold” rating in a report on Monday, March 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1.13.

Institutional Trading of Wallbox

Several institutional investors and hedge funds have recently modified their holdings of WBX. Cubist Systematic Strategies LLC purchased a new stake in Wallbox in the 4th quarter worth $32,000. Group One Trading LLC boosted its stake in shares of Wallbox by 2,888.3% in the fourth quarter. Group One Trading LLC now owns 81,910 shares of the company’s stock worth $41,000 after acquiring an additional 79,169 shares during the period. Alpine Global Management LLC purchased a new stake in shares of Wallbox during the fourth quarter worth about $54,000. XTX Topco Ltd bought a new stake in Wallbox during the 4th quarter valued at approximately $76,000. Finally, JPMorgan Chase & Co. bought a new stake in Wallbox during the 4th quarter valued at approximately $84,000. 36.94% of the stock is currently owned by institutional investors.

About Wallbox

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.