Flux Power Holdings, Inc. (NASDAQ:FLUX) Short Interest Up 41.9% in December

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the recipient of a large growth in short interest in the month of 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. Based on an average daily volume of 322,507 shares, the short-interest ratio is presently 2.0 days. Currently, 4.0% of the company’s stock are sold short. Currently, 4.0% of the company’s stock are sold short. Based on an average daily volume of 322,507 shares, the short-interest ratio is presently 2.0 days.

Hedge Funds Weigh In On Flux Power

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Flux Power during the 3rd quarter valued at approximately $72,000. JGP Wealth Management LLC acquired a new position in Flux Power during the fourth quarter valued at $74,000. Finally, Formidable Asset Management LLC boosted its holdings in Flux Power by 4.2% in 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 during the last quarter. Institutional investors and hedge funds own 37.96% of the company’s stock.

Flux Power Stock Performance

FLUX stock traded up $0.02 during trading on Friday, reaching $1.54. The company had a trading volume of 105,198 shares, compared to its average volume of 222,410. The company has a market cap of $32.86 million, a price-to-earnings ratio of -3.42 and a beta of 1.57. Flux Power has a twelve month low of $1.15 and a twelve month high of $7.55. The firm has a 50-day simple moving average of $1.58 and a 200-day simple moving average of $2.38.

Flux Power (NASDAQ:FLUX) last posted 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 for the quarter, compared to analyst estimates of $14.11 million. Sell-side analysts expect that Flux Power will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

About Flux Power

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.