Wallbox (NYSE:WBX) Short Interest Update

Wallbox (NYSE:WBX) was the target of a significant decrease in short interest in 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 daily trading volume, of 446,300 shares, the days-to-cover ratio is presently 5.1 days. Approximately 2.8% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Robert W. Baird reduced their price target on Wallbox from $3.00 to $2.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Canaccord Genuity Group reduced their price target on Wallbox from $3.25 to $1.50 and set a “buy” rating on the stock in a research report on Thursday, November 7th. UBS Group reduced their target price on Wallbox from $1.75 to $1.25 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Finally, Stifel Nicolaus downgraded Wallbox from a “buy” rating to a “hold” rating and reduced their target price for the company from $3.00 to $1.50 in a report on Wednesday, October 30th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wallbox stock. Healthcare of Ontario Pension Plan Trust Fund grew its position in Wallbox (NYSE:WBX) by 12.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 211,660 shares of the company’s stock after acquiring an additional 22,948 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.12% of Wallbox worth $258,000 as of its most recent filing with the SEC. 36.94% of the stock is currently owned by institutional investors.

Wallbox Trading Up 6.5 %

Shares of WBX stock traded up $0.04 during trading hours on Friday, reaching $0.66. The company’s stock had a trading volume of 502,685 shares, compared to its average volume of 689,063. The firm’s 50 day simple moving average is $0.95 and its 200-day simple moving average is $1.24. Wallbox has a fifty-two week low of $0.50 and a fifty-two week high of $2.09. The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93.

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.