Short Interest in Flux Power Holdings, Inc. (NASDAQ:FLUX) Rises By 28.2%

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 252,600 shares, a growth of 28.2% from the February 28th total of 197,000 shares. Based on an average daily volume of 89,300 shares, the short-interest ratio is currently 2.8 days. Approximately 2.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FLUX shares. HC Wainwright cut their target price on Flux Power from $15.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Maxim Group reduced their target price on shares of Flux Power from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd.

Institutional Investors Weigh In On Flux Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Flux Power in the 3rd quarter worth about $32,000. Millennium Management LLC bought a new position in Flux Power in the fourth quarter worth approximately $27,000. Park Edge Advisors LLC grew its stake in Flux Power by 32.0% in the fourth 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 in the last quarter. HighTower Advisors LLC increased its holdings in Flux Power by 176.8% during 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. Finally, Tidal Investments LLC raised its position in Flux Power by 8.0% during the 4th quarter. Tidal Investments LLC now owns 481,916 shares of the company’s stock valued at $761,000 after purchasing an additional 35,826 shares in the last quarter. Institutional investors own 37.96% of the company’s stock.

Flux Power Trading Down 0.6 %

FLUX opened at $1.63 on Thursday. Flux Power has a one year low of $1.15 and a one 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 stock has a market cap of $27.19 million, a price-to-earnings ratio of -3.20 and a beta of 1.29. The stock’s 50 day moving average price is $1.62 and its 200-day moving average price is $2.09.

Flux Power (NASDAQ:FLUX) last released its earnings results on Wednesday, January 29th. The company reported ($0.17) earnings per share for the quarter. Flux Power had a negative return on equity of 160.99% and a negative net margin of 13.70%. On average, equities analysts forecast 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.