Short Interest in Flux Power Holdings, Inc. (NASDAQ:FLUX) Grows By 16.8%

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 197,000 shares, an increase of 16.8% from the February 13th total of 168,700 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 82,300 shares, the short-interest ratio is presently 2.4 days.

Analyst Ratings Changes

Separately, Maxim Group cut their target price on Flux Power from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd.

Hedge Funds Weigh In On Flux Power

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new position in Flux Power in the 3rd quarter worth $32,000. HighTower Advisors LLC raised its holdings in Flux Power by 176.8% in the 3rd quarter. HighTower Advisors LLC now owns 274,312 shares of the company’s stock worth $834,000 after purchasing an additional 175,210 shares during the period. Millennium Management LLC bought a new position in Flux Power in the 4th quarter worth $27,000. Tidal Investments LLC raised its holdings in Flux Power by 8.0% in the 4th quarter. Tidal Investments LLC now owns 481,916 shares of the company’s stock worth $761,000 after purchasing an additional 35,826 shares during the period. Finally, Park Edge Advisors LLC raised its holdings in Flux Power by 32.0% in the 4th quarter. Park Edge Advisors LLC now owns 103,192 shares of the company’s stock worth $163,000 after purchasing an additional 25,000 shares during the period. 37.96% of the stock is currently owned by hedge funds and other institutional investors.

Flux Power Stock Performance

Shares of FLUX stock traded down $0.20 on Wednesday, reaching $1.62. The stock had a trading volume of 239,692 shares, compared to its average volume of 81,229. The stock has a market cap of $27.02 million, a P/E ratio of -3.18 and a beta of 1.29. Flux Power has a 1 year low of $1.15 and a 1 year high of $5.46. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.37 and a current ratio of 0.92. The company has a 50 day simple moving average of $1.60 and a 200 day simple moving average of $2.18.

Flux Power (NASDAQ:FLUX) last released its quarterly earnings results on Wednesday, January 29th. The company reported ($0.17) earnings per share (EPS) for the quarter. Flux Power had a negative return on equity of 160.99% and a negative net margin of 13.70%. Equities research analysts expect that Flux Power will post -0.16 EPS for the current year.

Flux Power Company Profile

Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the North America. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift.