Flux Power Holdings, Inc. (NASDAQ:FLUX) Short Interest Update

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 319,926 shares, a decrease of 26.1% from the March 15th total of 432,949 shares. Based on an average daily volume of 129,862 shares, the short-interest ratio is currently 2.5 days. Approximately 1.9% of the shares of the company are short sold.

Insiders Place Their Bets

In other Flux Power news, Director Michael Johnson sold 65,510 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $1.27, for a total value of $83,197.70. Following the completion of the sale, the director directly owned 4,061,799 shares of the company’s stock, valued at $5,158,484.73. This represents a 1.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Flux Power

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of Flux Power during the 3rd quarter worth about $72,000. State Street Corp increased its position in shares of Flux Power by 39.4% during the 4th quarter. State Street Corp now owns 49,568 shares of the company’s stock worth $63,000 after purchasing an additional 14,000 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Flux Power during the 4th quarter worth about $64,000. JGP Wealth Management LLC acquired a new stake in shares of Flux Power during the 4th quarter worth about $74,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Flux Power during the 4th quarter worth about $83,000. 37.96% of the stock is owned by institutional investors.

Flux Power Stock Performance

Shares of NASDAQ:FLUX traded up $0.02 during midday trading on Wednesday, reaching $1.23. 233,429 shares of the company’s stock were exchanged, compared to its average volume of 86,614. The company’s 50 day simple moving average is $1.27 and its two-hundred day simple moving average is $2.10. The firm has a market capitalization of $26.25 million, a PE ratio of -3.97 and a beta of 1.65. Flux Power has a 12 month low of $0.97 and a 12 month high of $7.55.

Flux Power (NASDAQ:FLUX) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.11. The business had revenue of $14.12 million for the quarter, compared to the consensus estimate of $15.55 million. On average, research analysts anticipate that Flux Power will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FLUX. Zacks Research raised shares of Flux Power from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Flux Power in a report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Flux Power from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Flux Power presently has an average rating of “Moderate Buy”.

About Flux Power

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.