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

Wallbox N.V. (NYSE:WBX) saw a large growth in short interest during 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. Approximately 3.2% of the company’s stock are short sold. Based on an average daily volume of 669,653 shares, the short-interest ratio is currently 0.5 days.

Wallbox Trading Down 1.0%

WBX stock opened at $3.93 on Monday. Wallbox has a 1 year low of $2.30 and a 1 year high of $7.83. The stock’s fifty day moving average is $3.04 and its two-hundred day moving average is $2.95.

Wallbox (NYSE:WBX) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.25) EPS for the quarter, topping 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%.

Institutional Investors Weigh In On Wallbox

An institutional investor recently bought a new stake in Wallbox stock. GM Advisory Group LLC purchased a new stake in shares of Wallbox N.V. (NYSE:WBX) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned about 0.10% of Wallbox at the end of the most recent quarter. Institutional investors own 36.94% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group reduced their price target on shares of Wallbox from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Wallbox has an average rating of “Hold” and an average price target of $5.00.

About Wallbox

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.