Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Short Interest Down 35.9% in May

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 74,500 shares, a decrease of 35.9% from the May 15th total of 116,200 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 258,800 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

A number of analysts recently weighed in on DFLI shares. Canaccord Genuity Group cut their target price on shares of Dragonfly Energy from $3.00 to $1.50 and set a “buy” rating on the stock in a research note on Friday, May 16th. Industrial Alliance Securities set a $1.50 price target on shares of Dragonfly Energy in a research note on Tuesday, March 25th. Finally, Alliance Global Partners lowered shares of Dragonfly Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $9.00 to $1.50 in a research note on Tuesday, March 25th.

Dragonfly Energy Stock Performance

Shares of Dragonfly Energy stock opened at $0.30 on Monday. The firm has a market capitalization of $2.84 million, a P/E ratio of -0.07 and a beta of -0.54. Dragonfly Energy has a 52 week low of $0.20 and a 52 week high of $9.00. The company has a quick ratio of 0.31, a current ratio of 0.80 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $0.49 and its two-hundred day moving average is $1.67.

Dragonfly Energy (NASDAQ:DFLI) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($1.45) EPS for the quarter, missing the consensus estimate of ($1.44) by ($0.01). The company had revenue of $13.36 million during the quarter, compared to analysts’ expectations of $13.26 million. Dragonfly Energy had a negative net margin of 56.80% and a negative return on equity of 251.32%. Research analysts forecast that Dragonfly Energy will post -6.48 EPS for the current fiscal year.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries, and industrial and energy storage markets. The company provides lithium power systems comprising solar panels, chargers and inverters, system monitoring, alternator regulators, accessories, and others.