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

Wallbox (NYSE:WBX) saw a large increase in short interest in 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. Approximately 2.5% of the company’s stock are short sold. Based on an average daily volume of 818,600 shares, the short-interest ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Wallbox by 12.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 211,660 shares of the company’s stock worth $258,000 after purchasing an additional 22,948 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Wallbox in the fourth quarter worth $32,000. Group One Trading LLC grew 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 purchasing an additional 79,169 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of Wallbox in the fourth quarter worth $54,000. Finally, XTX Topco Ltd bought a new position in shares of Wallbox in the fourth quarter worth $76,000. 36.94% of the stock is currently owned by institutional investors.

Wallbox Stock Down 3.7 %

WBX traded down $0.01 during trading on Tuesday, reaching $0.35. 68,889 shares of the company were exchanged, compared to its average volume of 650,803. The firm has a 50 day moving average of $0.47 and a 200 day moving average of $0.74. 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 52 week low of $0.34 and a 52 week high of $1.73.

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.