Wallbox N.V. (NYSE:WBX) Short Interest Update

Wallbox N.V. (NYSE:WBX) saw a significant growth in short interest in 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. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily volume of 669,653 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Wallbox

A hedge fund recently bought a new position in Wallbox stock. GM Advisory Group LLC purchased a new stake in Wallbox N.V. (NYSE:WBX) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing. Institutional investors and hedge funds own 36.94% of the company’s stock.

Wallbox Price Performance

NYSE:WBX traded up $0.04 on Tuesday, reaching $3.83. The stock had a trading volume of 9,381 shares, compared to its average volume of 82,335. Wallbox has a 1-year low of $2.30 and a 1-year high of $7.83. The stock has a fifty day moving average price of $3.08 and a 200-day moving average price of $2.96.

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

Wall Street Analyst Weigh In

Separately, UBS Group restated a “neutral” rating and set a $4.00 target price (up from $3.00) on shares of Wallbox in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.33.

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.