Wallbox (NYSE:WBX) Short Interest Update

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WBX. Alpine Global Management LLC acquired a new position in Wallbox during the fourth quarter valued at approximately $54,000. XTX Topco Ltd acquired a new position in Wallbox during the fourth quarter valued at approximately $76,000. JPMorgan Chase & Co. acquired a new position in Wallbox during the fourth quarter valued at approximately $84,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in 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 in the last quarter. 36.94% of the stock is owned by institutional investors and hedge funds.

Wallbox Price Performance

WBX opened at $0.49 on Monday. The company’s 50 day simple moving average is $0.51 and its 200 day simple moving average is $0.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.16 and a quick ratio of 0.68. Wallbox has a 1 year low of $0.41 and a 1 year high of $1.73.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group lowered their price target on shares of 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 decreased their target price on shares of Wallbox from $3.25 to $1.50 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Stifel Nicolaus cut shares of Wallbox from a “buy” rating to a “hold” rating and decreased their target price for the stock from $3.00 to $1.50 in a research report on Wednesday, October 30th. Finally, Robert W. Baird decreased their target price on shares of Wallbox from $3.00 to $2.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th.

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.