Blink Charging Co. (NASDAQ:BLNK) Short Interest Up 5.8% in December

Blink Charging Co. (NASDAQ:BLNK) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 24,330,000 shares, a growth of 5.8% from the December 15th total of 23,000,000 shares. Based on an average daily volume of 4,940,000 shares, the days-to-cover ratio is currently 4.9 days.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. UBS Group lowered Blink Charging from a “buy” rating to a “neutral” rating and decreased their price target for the company from $3.00 to $2.00 in a research report on Thursday, November 14th. Needham & Company LLC reiterated a “buy” rating on shares of Blink Charging in a research report on Wednesday. Finally, Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of Blink Charging in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.64.

Institutional Investors Weigh In On Blink Charging

Several institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in shares of Blink Charging by 224.9% in the 2nd quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock valued at $2,206,000 after acquiring an additional 557,336 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Blink Charging by 10.7% during the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock worth $3,982,000 after buying an additional 222,949 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Blink Charging by 108.4% during the second quarter. Bank of New York Mellon Corp now owns 403,952 shares of the company’s stock worth $1,107,000 after buying an additional 210,116 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Blink Charging by 14.7% during the third quarter. Stifel Financial Corp now owns 1,406,219 shares of the company’s stock worth $2,419,000 after buying an additional 180,027 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Blink Charging during the third quarter worth approximately $213,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Blink Charging Price Performance

Shares of Blink Charging stock remained flat at $1.47 during trading on Friday. The stock had a trading volume of 3,416,015 shares, compared to its average volume of 4,120,107. Blink Charging has a fifty-two week low of $1.38 and a fifty-two week high of $3.75. The business’s fifty day moving average is $1.57 and its two-hundred day moving average is $2.01.

About Blink Charging

Blink Charging Co, through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.