Wallbox (NYSE:WBX) Short Interest Update

Wallbox (NYSE:WBX - Get Free Report) 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. Based on an average daily trading volume, of 818,600 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.5% of the company's stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WBX. Cubist Systematic Strategies LLC acquired a new stake in shares of Wallbox in the 4th quarter valued at $32,000. Group One Trading LLC boosted its holdings in Wallbox by 2,888.3% in the fourth quarter. Group One Trading LLC now owns 81,910 shares of the company's stock valued at $41,000 after acquiring an additional 79,169 shares during the last quarter. Alpine Global Management LLC acquired a new stake in Wallbox in the fourth quarter worth about $54,000. XTX Topco Ltd bought a new stake in Wallbox during the 4th quarter worth about $76,000. Finally, JPMorgan Chase & Co. acquired a new position in Wallbox during the 4th quarter valued at about $84,000. Institutional investors own 36.94% of the company's stock.

Wallbox Trading Down 0.5 %

Shares of NYSE WBX traded down $0.00 during trading on Thursday, reaching $0.34. The company had a trading volume of 275,434 shares, compared to its average volume of 503,680. Wallbox has a 52 week low of $0.33 and a 52 week high of $1.73. The business's 50 day moving average price is $0.46 and its 200-day moving average price is $0.73. The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93.

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Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WBX. Stifel Nicolaus lowered their price target on Wallbox from $1.50 to $1.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Canaccord Genuity Group dropped their price objective on Wallbox from $1.50 to $1.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, UBS Group dropped their price objective on shares of Wallbox from $1.25 to $0.50 and set a "neutral" rating on the stock in a report on Monday, January 27th.

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.