Wallbox (NYSE:WBX) Short Interest Down 22.3% in November

Wallbox (NYSE:WBX - Get Free Report) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 2,270,000 shares, a decrease of 22.3% from the October 31st total of 2,920,000 shares. Based on an average trading volume of 446,300 shares, the days-to-cover ratio is currently 5.1 days. Approximately 2.8% of the company's stock are sold short.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WBX. Robert W. Baird dropped their price objective on Wallbox from $3.00 to $2.00 and set an "outperform" rating on the stock in a report on Thursday, November 7th. UBS Group decreased their target price on Wallbox from $1.75 to $1.25 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. Stifel Nicolaus cut Wallbox from a "buy" rating to a "hold" rating and decreased their target price for the company from $3.00 to $1.50 in a research report on Wednesday, October 30th. Finally, Canaccord Genuity Group decreased their target price on Wallbox from $3.25 to $1.50 and set a "buy" rating for the company in a research report on Thursday, November 7th.

Wallbox Stock Up 6.5 %

Wallbox stock traded up $0.04 during mid-day trading on Friday, reaching $0.66. 502,685 shares of the company were exchanged, compared to its average volume of 420,103. Wallbox has a twelve month low of $0.50 and a twelve month high of $2.09. The firm's 50-day simple moving average is $0.96 and its two-hundred day simple moving average is $1.25. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of 0.93.

Institutional Trading of Wallbox

A hedge fund recently bought a new stake in Wallbox stock. J. Stern & Co. LLP purchased a new position in shares of Wallbox (NYSE:WBX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the company's stock, valued at approximately $66,000. 36.94% of the stock is owned by hedge funds and other institutional investors.

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.