Flux Power Holdings, Inc. (NASDAQ:FLUX) Short Interest Up 10.8% in September

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 176,700 shares, a growth of 10.8% from the August 31st total of 159,500 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 79,900 shares, the short-interest ratio is presently 2.2 days.

Hedge Funds Weigh In On Flux Power

A hedge fund recently raised its stake in Flux Power stock. Vanguard Group Inc. grew its holdings in Flux Power Holdings, Inc. (NASDAQ:FLUX) by 14.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 530,317 shares of the company’s stock after buying an additional 65,448 shares during the period. Vanguard Group Inc. owned 3.21% of Flux Power worth $2,349,000 as of its most recent filing with the Securities & Exchange Commission. 37.96% of the stock is owned by hedge funds and other institutional investors.

Flux Power Price Performance

NASDAQ:FLUX traded down $0.18 during trading hours on Tuesday, reaching $2.86. 43,893 shares of the company were exchanged, compared to its average volume of 82,110. The company has a current ratio of 1.10, a quick ratio of 0.42 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average is $3.27 and its 200-day moving average is $3.62. The firm has a market cap of $47.71 million, a PE ratio of -6.65 and a beta of 1.18. Flux Power has a twelve month low of $2.64 and a twelve month high of $5.86.

About Flux Power

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.