Wallbox (NYSE:WBX) Sees Large Growth in Short Interest

Wallbox (NYSE:WBX - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,600,000 shares, an increase of 27.5% from the February 28th total of 2,040,000 shares. Based on an average daily volume of 785,900 shares, the short-interest ratio is currently 3.3 days. Currently, 3.2% of the company's shares are short sold.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WBX. Stifel Nicolaus cut their price objective on Wallbox from $1.50 to $1.00 and set a "hold" rating for the company in a research report on Monday, March 10th. Chardan Capital raised shares of Wallbox to a "hold" rating in a research note on Monday, March 24th. Canaccord Genuity Group dropped their target price on shares of Wallbox from $1.50 to $1.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, UBS Group lowered their price target on Wallbox from $1.25 to $0.50 and set a "neutral" rating for the company in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $1.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new position in shares of Wallbox in the 4th quarter valued at about $32,000. Group One Trading LLC lifted its stake in 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 acquiring an additional 79,169 shares during the last quarter. Alpine Global Management LLC acquired a new position in Wallbox during the 4th quarter worth approximately $54,000. XTX Topco Ltd purchased a new stake in shares of Wallbox in the 4th quarter valued at approximately $76,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Wallbox in the 4th quarter valued at approximately $84,000. 36.94% of the stock is owned by institutional investors and hedge funds.

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Wallbox Trading Down 4.2 %

Shares of NYSE:WBX traded down $0.01 during trading on Friday, hitting $0.30. The company's stock had a trading volume of 778,805 shares, compared to its average volume of 484,206. 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 has a fifty-two week low of $0.29 and a fifty-two week high of $1.73. The business has a 50 day moving average price of $0.41 and a two-hundred day moving average price of $0.65.

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.