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

Wallbox (NYSE:WBX) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 1,860,000 shares, a decline of 24.1% from the August 15th total of 2,450,000 shares. Based on an average daily volume of 319,800 shares, the short-interest ratio is currently 5.8 days. Approximately 2.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on Wallbox from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Canaccord Genuity Group dropped their price objective on Wallbox from $4.00 to $3.25 and set a “buy” rating for the company in a report on Tuesday, July 9th.

Wallbox Trading Down 1.5 %

Shares of WBX traded down $0.02 during trading hours on Friday, reaching $1.32. 184,891 shares of the company traded hands, compared to its average volume of 401,501. Wallbox has a 12 month low of $1.21 and a 12 month high of $2.87. The company’s fifty day moving average price is $1.40 and its two-hundred day moving average price is $1.42. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.54.

Institutional Trading of Wallbox

Large investors have recently bought and sold shares of the company. J. Stern & Co. LLP purchased a new position in Wallbox during the 2nd quarter valued at about $66,000. Aristides Capital LLC purchased a new position in shares of Wallbox during the fourth quarter valued at approximately $125,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Wallbox by 23.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 198,863 shares of the company’s stock worth $282,000 after purchasing an additional 38,249 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Wallbox in the 4th quarter worth approximately $8,923,000. 36.94% of the stock is owned by institutional investors.

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.