Wallbox (NYSE:WBX) Short Interest Down 12.6% in January

Wallbox (NYSE:WBX) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 1,800,000 shares, a decrease of 12.6% from the December 31st total of 2,060,000 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average trading volume of 851,900 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

WBX has been the subject of several research reports. UBS Group lowered their price objective on shares of Wallbox from $1.25 to $0.50 and set a “neutral” rating for the company in a research report on Monday, January 27th. Stifel Nicolaus downgraded shares of Wallbox from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $3.00 to $1.50 in a research report on Wednesday, October 30th. Canaccord Genuity Group lowered their price objective on shares of Wallbox from $3.25 to $1.50 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Robert W. Baird lowered their price objective on shares of Wallbox from $3.00 to $2.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wallbox stock. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Wallbox (NYSE:WBX) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 211,660 shares of the company’s stock after purchasing an additional 22,948 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.12% of Wallbox worth $258,000 as of its most recent SEC filing. Institutional investors and hedge funds own 36.94% of the company’s stock.

Wallbox Stock Performance

Shares of WBX opened at $0.47 on Monday. Wallbox has a 12 month low of $0.41 and a 12 month high of $1.73. The firm has a fifty day simple moving average of $0.55 and a 200 day simple moving average of $0.96. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 1.16.

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.