Blink Charging Co. (NASDAQ:BLNK) Short Interest Update

Blink Charging Co. (NASDAQ:BLNK) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 24,330,000 shares, an increase of 5.8% from the December 15th total of 23,000,000 shares. Based on an average daily volume of 4,940,000 shares, the short-interest ratio is presently 4.9 days.

Hedge Funds Weigh In On Blink Charging

Several institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC bought a new stake in Blink Charging in the 2nd quarter valued at $29,000. Victory Capital Management Inc. bought a new stake in shares of Blink Charging in the second quarter valued at about $33,000. DRW Securities LLC acquired a new position in shares of Blink Charging during the third quarter worth about $33,000. United Advisor Group LLC bought a new position in shares of Blink Charging during the third quarter worth about $34,000. Finally, Verition Fund Management LLC acquired a new stake in Blink Charging in the 3rd quarter valued at approximately $48,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Blink Charging Stock Performance

Shares of Blink Charging stock opened at $1.47 on Tuesday. Blink Charging has a 12 month low of $1.38 and a 12 month high of $3.75. The stock’s fifty day simple moving average is $1.56 and its 200 day simple moving average is $2.00. The company has a market capitalization of $148.73 million, a PE ratio of -0.97 and a beta of 2.61.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating on shares of Blink Charging in a report on Wednesday, January 15th. UBS Group downgraded Blink Charging from a “buy” rating to a “neutral” rating and cut their price target for the company from $3.00 to $2.00 in a research note on Thursday, November 14th. Finally, Benchmark reiterated a “buy” rating and issued a $5.00 price objective on shares of Blink Charging in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Blink Charging currently has an average rating of “Moderate Buy” and an average target price of $5.64.

Blink Charging Company Profile

Blink Charging Co, through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.