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

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

Wallbox Trading Up 1.1 %

Shares of WBX traded up $0.00 during trading hours on Friday, hitting $0.35. The company had a trading volume of 183,657 shares, compared to its average volume of 508,625. Wallbox has a 52-week low of $0.34 and a 52-week 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. The stock’s 50 day moving average price is $0.48 and its 200 day moving average price is $0.76.

Hedge Funds Weigh In On Wallbox

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WBX. Canaccord Genuity Group decreased their target price on shares of Wallbox from $1.50 to $1.00 and set a “buy” rating on the stock in a report on Friday, February 28th. UBS Group cut their price objective on Wallbox from $1.25 to $0.50 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, Stifel Nicolaus dropped 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.

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.