Wallbox N.V. (NYSE:WBX) Sees Significant Growth in Short Interest

Wallbox N.V. (NYSE:WBX) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 363,149 shares, a growth of 151.9% from the May 31st total of 144,186 shares. Based on an average trading volume of 669,653 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.2% of the shares of the company are short sold.

Wallbox Trading Down 1.0%

NYSE WBX opened at $3.93 on Monday. The company’s 50 day simple moving average is $3.04 and its 200 day simple moving average is $2.95. Wallbox has a 12 month low of $2.30 and a 12 month high of $7.83.

Wallbox (NYSE:WBX) last released its earnings results on Thursday, May 7th. The company reported ($1.25) EPS for the quarter, beating the consensus estimate of ($1.81) by $0.56. The business had revenue of $34.38 million during the quarter, compared to analyst estimates of $40.64 million. Wallbox had a negative net margin of 70.12% and a negative return on equity of 6,451.74%.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their price target on Wallbox from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.00.

Institutional Investors Weigh In On Wallbox

A hedge fund recently bought a new position in Wallbox stock. GM Advisory Group LLC acquired a new position in shares of Wallbox N.V. (NYSE:WBX) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned approximately 0.10% of Wallbox as of its most recent SEC filing. 36.94% of the stock is currently owned by hedge funds and other institutional investors.

Wallbox Company Profile

Wallbox is a global provider of electric vehicle (EV) charging solutions, offering hardware and software designed to simplify and optimize the charging experience for residential, commercial and public applications. The company’s product lineup includes smart home chargers, DC fast chargers for fleet and commercial use, and energy management systems that integrate with solar panels and battery storage. Through its myWallbox software platform, users can remotely monitor and control charging sessions, track energy consumption and set custom charging schedules.

Headquartered in Barcelona, Spain, Wallbox has expanded its operations across Europe, North America, Asia and Australia, establishing regional offices and service centers to support customers and channel partners.