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

Wallbox (NYSE:WBX - Get Free Report) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,800,000 shares, a decline of 12.6% from the December 31st total of 2,060,000 shares. Currently, 2.2% of the company's stock are short sold. Based on an average daily volume of 851,900 shares, the days-to-cover ratio is presently 2.1 days.

Wallbox Trading Down 2.6 %

WBX traded down $0.01 during trading on Wednesday, reaching $0.46. 322,635 shares of the company traded hands, compared to its average volume of 730,081. The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93. 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 $0.54 and a 200 day simple moving average of $0.95.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WBX shares. 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. Robert W. Baird lowered their price target on Wallbox from $3.00 to $2.00 and set an "outperform" rating for the company in a research report on Thursday, November 7th. Stifel Nicolaus lowered Wallbox from a "buy" rating to a "hold" rating and lowered their price target for the stock from $3.00 to $1.50 in a research report on Wednesday, October 30th. Finally, Canaccord Genuity Group lowered their price target on Wallbox from $3.25 to $1.50 and set a "buy" rating for the company in a research report on Thursday, November 7th.

Institutional Trading of Wallbox

An institutional investor recently raised its position in Wallbox stock. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Wallbox (NYSE:WBX - Free Report) by 12.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,660 shares of the company's stock after buying an additional 22,948 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.12% of Wallbox worth $258,000 as of its most recent SEC filing. 36.94% of the stock is owned by hedge funds and other institutional investors.

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.