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

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 630,835 shares, a growth of 41.9% from the December 15th total of 444,704 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 322,507 shares, the short-interest ratio is presently 2.0 days. Based on an average daily trading volume, of 322,507 shares, the short-interest ratio is presently 2.0 days. Currently, 4.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

FLUX has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flux Power in a research note on Wednesday, October 8th. Roth Capital reissued a “buy” rating on shares of Flux Power in a research note on Friday, November 14th. Wall Street Zen lowered Flux Power from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Finally, Zacks Research downgraded shares of Flux Power from a “hold” rating to a “strong sell” rating in a report on Friday, December 12th. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.00.

Hedge Funds Weigh In On Flux Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLUX. Formidable Asset Management LLC increased its holdings in shares of Flux Power by 0.4% during the fourth quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock worth $3,992,000 after buying an additional 13,899 shares in the last quarter. JGP Wealth Management LLC acquired a new stake in Flux Power during the 4th quarter valued at $74,000. Finally, Virtu Financial LLC acquired a new position in Flux Power in the third quarter worth $72,000. 37.96% of the stock is currently owned by institutional investors and hedge funds.

Flux Power Stock Performance

Shares of FLUX traded up $0.02 during mid-day trading on Friday, hitting $1.54. The company’s stock had a trading volume of 105,198 shares, compared to its average volume of 222,410. Flux Power has a one year low of $1.15 and a one year high of $7.55. The stock’s 50-day moving average is $1.58 and its two-hundred day moving average is $2.39. The firm has a market capitalization of $32.86 million, a PE ratio of -3.42 and a beta of 1.57.

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

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.