Blink Charging Co. (NASDAQ:BLNK - Get Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 24,330,000 shares, an increase of 5.8% from the December 31st total of 23,000,000 shares. Based on an average daily volume of 4,940,000 shares, the short-interest ratio is presently 4.9 days.
Blink Charging Price Performance
Shares of Blink Charging stock traded down $0.02 during trading hours on Wednesday, reaching $1.15. The company had a trading volume of 4,514,510 shares, compared to its average volume of 4,510,125. The firm has a market cap of $116.36 million, a PE ratio of -0.76 and a beta of 2.59. Blink Charging has a one year low of $1.14 and a one year high of $3.75. The business has a fifty day simple moving average of $1.48 and a 200 day simple moving average of $1.84.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of BLNK. Hsbc Holdings PLC bought a new position in Blink Charging in the second quarter valued at $29,000. DRW Securities LLC bought a new position in shares of Blink Charging during the 3rd quarter valued at about $33,000. United Advisor Group LLC bought a new stake in Blink Charging in the 3rd quarter worth approximately $34,000. Verition Fund Management LLC purchased a new stake in Blink Charging in the third quarter worth approximately $48,000. Finally, Intech Investment Management LLC bought a new stake in shares of Blink Charging in the 3rd quarter worth approximately $52,000. Hedge funds and other institutional investors own 44.64% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Barclays dropped their price objective on Blink Charging from $3.00 to $1.50 and set an "equal weight" rating on the stock in a research note on Tuesday. UBS Group reduced their price target on Blink Charging from $2.00 to $1.70 and set a "neutral" rating for the company in a report on Monday, January 27th. Benchmark reaffirmed a "buy" rating and issued a $5.00 price objective on shares of Blink Charging in a research report on Tuesday, November 12th. Finally, Needham & Company LLC restated a "buy" rating on shares of Blink Charging in a research note on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Blink Charging has an average rating of "Hold" and a consensus target price of $5.09.
Check Out Our Latest Analysis on BLNK
About Blink Charging
(
Get Free Report)
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.
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