Wallbox (NYSE:WBX) Short Interest Down 31.5% in March

Wallbox (NYSE:WBX - Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 3,170,000 shares, a decline of 31.5% from the March 15th total of 4,630,000 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average trading volume of 552,300 shares, the days-to-cover ratio is currently 5.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WBX. Baird Financial Group Inc. acquired a new stake in shares of Wallbox in the fourth quarter valued at $35,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Wallbox by 948.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,847 shares of the company's stock valued at $39,000 after buying an additional 16,144 shares during the period. Jane Street Group LLC acquired a new stake in shares of Wallbox in the fourth quarter valued at $46,000. Goldman Sachs Group Inc. lifted its holdings in shares of Wallbox by 55.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 28,605 shares of the company's stock valued at $50,000 after buying an additional 10,206 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of Wallbox during the third quarter worth $56,000. Institutional investors and hedge funds own 36.94% of the company's stock.

Wallbox Stock Down 2.1 %

WBX stock traded down $0.03 during trading on Friday, reaching $1.43. 273,545 shares of the company's stock were exchanged, compared to its average volume of 550,093. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.54. Wallbox has a 1-year low of $1.24 and a 1-year high of $5.10. The company's fifty day moving average price is $1.49 and its 200-day moving average price is $1.65.

About Wallbox

Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use worldwide. The company operates in three segments: Europe-Middle East and Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, Pulsar Plus Socket, Pulsar Max, and Pulsar Pro, an AC smart chargers for home and shared spaces; Commander 2, an AC smart charger for fleets and businesses with a 7-inch touchscreen display that provides a personalized and secure user interface for multiple users; Copper SB, an AC smart charger for fleets and businesses with an integrated socket that makes it compatible with both type 1 and type 2 charging cables; Quasar 2, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle; Supernova, a DC fast charger equipment designed for public use; and Hypernova that allows to optimize available power and adapt to the number of EVs connected for public charging along highways and transcontinental road networks; as well as Wallbox ABL eM4 Single and Twin chargers and eMC3 charging pole.

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