Wallbox (NYSE:WBX) Short Interest Update

Wallbox (NYSE:WBXGet Rating) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,310,000 shares, a growth of 38.3% from the March 15th total of 1,670,000 shares. Based on an average trading volume of 343,200 shares, the short-interest ratio is currently 6.7 days. Approximately 6.3% of the shares of the company are short sold.

Wallbox stock opened at $11.44 on Tuesday. Wallbox has a one year low of $8.30 and a one year high of $27.50. The stock has a fifty day moving average of $12.80.

Separately, Chardan Capital assumed coverage on Wallbox in a report on Thursday, March 31st. They issued a “buy” rating and a $19.00 price target for the company.

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN bought a new position in shares of Wallbox in the fourth quarter worth $40,000. Maven Securities LTD purchased a new stake in shares of Wallbox in the fourth quarter worth $93,000. Penserra Capital Management LLC purchased a new stake in shares of Wallbox in the fourth quarter worth $148,000. Virtu Financial LLC purchased a new stake in shares of Wallbox in the fourth quarter worth $164,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Wallbox in the fourth quarter worth $173,000. 33.20% of the stock is owned by hedge funds and other institutional investors.

About Wallbox (Get Rating)

Wallbox N.V., a technology company, creates electric vehicle charging and energy management systems that redefine users' relationship to the grid. It provides a portfolio of charging and energy management solutions for residential, semi-public, and public use worldwide. The company was founded in 2015 and is headquatered in Barcelona, Spain.

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