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

Flux Power Holdings, Inc. (NASDAQ:FLUX) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 446,857 shares, a decrease of 29.2% from the December 31st total of 630,835 shares. Based on an average trading volume of 182,564 shares, the short-interest ratio is presently 2.4 days. Currently, 2.8% of the company’s stock are sold short. Currently, 2.8% of the company’s stock are sold short. Based on an average trading volume of 182,564 shares, the short-interest ratio is presently 2.4 days.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FLUX. Wall Street Zen lowered shares of Flux Power from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Flux Power in a report on Thursday, January 22nd. Roth Mkm reaffirmed a “buy” rating on shares of Flux Power in a research report on Friday, November 14th. Finally, Zacks Research raised shares of Flux Power from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.00.

Flux Power Stock Down 6.4%

Flux Power stock opened at $1.32 on Friday. Flux Power has a twelve month low of $1.15 and a twelve month high of $7.55. The company’s 50-day moving average price is $1.49 and its two-hundred day moving average price is $2.35. The stock has a market cap of $28.17 million, a P/E ratio of -2.93 and a beta of 1.57.

Flux Power (NASDAQ:FLUX) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.10). The firm had revenue of $13.18 million during the quarter, compared to analysts’ expectations of $14.11 million. Equities analysts anticipate that Flux Power will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Flux Power

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in Flux Power during the third quarter valued at approximately $72,000. JGP Wealth Management LLC purchased a new position in shares of Flux Power in the fourth quarter valued at $74,000. Finally, Formidable Asset Management LLC raised its stake in Flux Power by 4.2% during the third quarter. Formidable Asset Management LLC now owns 3,129,157 shares of the company’s stock valued at $11,703,000 after purchasing an additional 125,043 shares in the last quarter. Hedge funds and other institutional investors own 37.96% of the company’s stock.

Flux Power Company Profile

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.