Short Interest in Wallbox (NYSE:WBX) Declines By 22.3%

Wallbox (NYSE:WBX) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 2,270,000 shares, a decline of 22.3% from the October 31st total of 2,920,000 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average daily trading volume, of 446,300 shares, the short-interest ratio is presently 5.1 days.

Wallbox Price Performance

NYSE:WBX traded up $0.04 during mid-day trading on Friday, reaching $0.66. 502,685 shares of the stock were exchanged, compared to its average volume of 420,103. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.16 and a quick ratio of 0.68. The business has a fifty day moving average price of $0.95 and a 200 day moving average price of $1.24. Wallbox has a 1-year low of $0.50 and a 1-year high of $2.09.

Hedge Funds Weigh In On Wallbox

An institutional investor recently bought a new position in Wallbox stock. J. Stern & Co. LLP bought a new position in shares of Wallbox (NYSE:WBX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,000 shares of the company’s stock, valued at approximately $66,000. Hedge funds and other institutional investors own 36.94% of the company’s stock.

Wall Street Analyst Weigh In

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

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.