Blink Charging Co (NASDAQ:BLNK) was the target of a large increase in short interest in November. As of November 29th, there was short interest totalling 1,070,000 shares, an increase of 17.5% from the November 14th total of 910,400 shares. Based on an average daily volume of 204,800 shares, the short-interest ratio is presently 5.2 days. Approximately 5.8% of the company’s stock are sold short.

Several research firms recently commented on BLNK. ThinkEquity began coverage on Blink Charging in a report on Monday, August 26th. They issued a “buy” rating and a $5.00 price objective for the company. Zacks Investment Research upgraded shares of Blink Charging from a “sell” rating to a “hold” rating in a research note on Monday, December 9th.

BLNK stock traded up $0.01 on Friday, hitting $2.14. The company had a trading volume of 99,253 shares, compared to its average volume of 254,292. Blink Charging has a 12-month low of $1.50 and a 12-month high of $4.25. The company has a current ratio of 2.96, a quick ratio of 2.68 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $1.93 and its 200 day simple moving average is $2.43. The stock has a market cap of $56.32 million, a price-to-earnings ratio of -1.65 and a beta of 4.32.

Blink Charging (NASDAQ:BLNK) last announced its earnings results on Wednesday, November 13th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $0.76 million for the quarter, compared to analysts’ expectations of $0.72 million. Blink Charging had a negative net margin of 302.69% and a negative return on equity of 69.78%. Research analysts forecast that Blink Charging will post -0.35 earnings per share for the current year.

A hedge fund recently bought a new stake in Blink Charging stock. Virtu Financial LLC acquired a new stake in shares of Blink Charging Co (NASDAQ:BLNK) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,957 shares of the company’s stock, valued at approximately $138,000. Virtu Financial LLC owned about 0.20% of Blink Charging as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 11.62% of the company’s stock.

About Blink Charging

Blink Charging Co owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing.

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