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

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

Blink Charging Stock Down 3.3 %

BLNK stock opened at $1.18 on Tuesday. The company has a market capitalization of $119.39 million, a P/E ratio of -0.78 and a beta of 2.61. The company has a 50-day simple moving average of $1.49 and a 200 day simple moving average of $1.86. Blink Charging has a fifty-two week low of $1.15 and a fifty-two week high of $3.75.

Institutional Investors Weigh In On Blink Charging

Institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC bought a new stake in Blink Charging in the second quarter worth about $29,000. AQR Capital Management LLC raised its position in Blink Charging by 224.9% in the second quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock worth $2,206,000 after acquiring an additional 557,336 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Blink Charging by 79.1% in the second quarter. The Manufacturers Life Insurance Company now owns 37,469 shares of the company’s stock worth $103,000 after acquiring an additional 16,549 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Blink Charging by 49.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 106,864 shares of the company’s stock worth $293,000 after acquiring an additional 35,387 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Blink Charging during the 3rd quarter worth about $122,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating and set a $5.00 price objective on shares of Blink Charging in a research note on Tuesday, November 12th. Needham & Company LLC reiterated a “buy” rating on shares of Blink Charging in a research note on Wednesday, January 15th. Finally, UBS Group dropped their price objective on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Blink Charging presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.60.

About Blink Charging

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.