Blink Charging Co (NASDAQ:BLNK) Short Interest Down 10.1% in July

Blink Charging Co (NASDAQ:BLNK) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totalling 1,162,000 shares, a drop of 10.1% from the June 30th total of 1,292,300 shares. Based on an average daily volume of 183,200 shares, the days-to-cover ratio is presently 6.3 days. Approximately 6.7% of the company’s stock are sold short.

BLNK stock opened at $2.63 on Friday. The company has a quick ratio of 3.69, a current ratio of 4.11 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $2.71 and a two-hundred day moving average price of $2.84. The company has a market cap of $74.25 million, a price-to-earnings ratio of -2.02 and a beta of 4.68. Blink Charging has a twelve month low of $1.56 and a twelve month high of $4.25.

Blink Charging (NASDAQ:BLNK) last issued its earnings results on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.04. Blink Charging had a negative return on equity of 46.68% and a negative net margin of 282.45%. The company had revenue of $0.72 million during the quarter, compared to the consensus estimate of $0.71 million. On average, equities research analysts anticipate that Blink Charging will post -0.39 EPS for the current fiscal year.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Blink Charging from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. HC Wainwright restated a “buy” rating and issued a $5.00 price target on shares of Blink Charging in a research note on Friday, May 17th.

An institutional investor recently raised its position in Blink Charging stock. Blue Fin Capital Inc. lifted its holdings in shares of Blink Charging Co (NASDAQ:BLNK) by 10.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,164,219 shares of the company’s stock after acquiring an additional 113,757 shares during the quarter. Blue Fin Capital Inc. owned approximately 4.44% of Blink Charging worth $1,164,000 as of its most recent SEC filing. Institutional investors own 13.09% of the company’s stock.

Blink Charging Company Profile

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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