Blink Charging Co. (NASDAQ:BLNK) Short Interest Update

Blink Charging Co. (NASDAQ:BLNK) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 24,330,000 shares, a growth 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 days-to-cover ratio is currently 4.9 days.

Blink Charging Trading Down 3.3 %

Shares of NASDAQ BLNK opened at $1.18 on Tuesday. The business has a fifty day simple moving average of $1.49 and a 200 day simple moving average of $1.86. The firm has a market capitalization of $119.39 million, a price-to-earnings ratio of -0.78 and a beta of 2.61. Blink Charging has a one year low of $1.15 and a one year high of $3.75.

Analysts Set New Price Targets

BLNK has been the subject of a number of recent analyst reports. UBS Group decreased their target price on Blink Charging from $2.00 to $1.70 and set a “neutral” rating for the company in a research report on Monday, January 27th. Benchmark reaffirmed a “buy” rating and set a $5.00 target price on shares of Blink Charging in a research report on Tuesday, November 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Blink Charging in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5.60.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Swedbank AB raised its stake in Blink Charging by 45.2% during the fourth quarter. Swedbank AB now owns 327,552 shares of the company’s stock worth $455,000 after acquiring an additional 102,036 shares in the last quarter. Virtu Financial LLC acquired a new position in Blink Charging during the third quarter worth $96,000. Barclays PLC raised its stake in Blink Charging by 238.4% during the third quarter. Barclays PLC now owns 173,704 shares of the company’s stock worth $299,000 after acquiring an additional 122,367 shares in the last quarter. Geode Capital Management LLC raised its stake in Blink Charging by 10.7% during the third quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock worth $3,982,000 after acquiring an additional 222,949 shares in the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new position in Blink Charging during the third quarter worth $90,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

About Blink Charging

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.