Blink Charging Co (NASDAQ:BLNK) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,310,634 shares, a growth of 60.0% from the February 15th total of 819,017 shares. Approximately 7.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,776,142 shares, the days-to-cover ratio is presently 0.5 days.

Shares of BLNK stock opened at $2.90 on Friday. Blink Charging has a twelve month low of $1.28 and a twelve month high of $8.65. The company has a current ratio of 3.70, a quick ratio of 3.58 and a debt-to-equity ratio of 0.01.

Several hedge funds have recently modified their holdings of BLNK. BlackRock Inc. lifted its holdings in shares of Blink Charging by 1,420,100.0% in the 2nd quarter. BlackRock Inc. now owns 28,404 shares of the company’s stock worth $146,000 after buying an additional 28,402 shares during the period. Northern Trust Corp purchased a new stake in shares of Blink Charging in the 2nd quarter worth $109,000. Blue Fin Capital Inc. lifted its holdings in shares of Blink Charging by 3.3% in the 3rd quarter. Blue Fin Capital Inc. now owns 1,064,356 shares of the company’s stock worth $1,064,000 after buying an additional 34,388 shares during the period. Man Group plc purchased a new stake in shares of Blink Charging during the 3rd quarter worth $143,000. Finally, Vanguard Group Inc. lifted its stake in shares of Blink Charging by 36.0% during the 3rd quarter. Vanguard Group Inc. now owns 490,049 shares of the company’s stock worth $1,201,000 after purchasing an additional 129,833 shares during the last quarter. Institutional investors and hedge funds own 8.98% of the company’s stock.

Separately, HC Wainwright started coverage on Blink Charging in a report on Monday, December 10th. They issued a “buy” rating and a $5.00 target price for the company.

COPYRIGHT VIOLATION NOTICE: “Blink Charging Co (BLNK) Short Interest Up 60.0% in February” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2019/03/15/blink-charging-co-blnk-short-interest-up-60-0-in-february.html.

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.

Featured Story: Price to Earnings Ratio (PE) Basics

Receive News & Ratings for Blink Charging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blink Charging and related companies with MarketBeat.com's FREE daily email newsletter.