Blink Charging Co (NASDAQ:BLNK) Sees Significant Increase in Short Interest

Blink Charging Co (NASDAQ:BLNK) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 1,410,000 shares, a growth of 9.3% from the December 15th total of 1,290,000 shares. Approximately 7.7% of the shares of the company are sold short. Based on an average daily volume of 209,700 shares, the short-interest ratio is currently 6.7 days.

Separately, Zacks Investment Research upgraded Blink Charging from a “sell” rating to a “hold” rating in a research note on Tuesday.

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 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 52,957 shares of the company’s stock, valued at approximately $138,000. Virtu Financial LLC owned approximately 0.20% of Blink Charging at the end of the most recent quarter. Hedge funds and other institutional investors own 11.61% of the company’s stock.

BLNK stock traded down $0.01 during trading on Thursday, reaching $2.10. The company’s stock had a trading volume of 1,208 shares, compared to its average volume of 187,669. Blink Charging has a 1 year low of $1.50 and a 1 year high of $4.25. The company has a quick ratio of 2.68, a current ratio of 2.96 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $56.06 million, a P/E ratio of -1.65 and a beta of 4.21. The company’s fifty day moving average is $1.98 and its 200-day moving average is $2.35.

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

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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