Flux Power Holdings, Inc. (NASDAQ:FLUX) Shares Shorted: Short Interest Up 79.1% in October

Flux Power Holdings, Inc. (NASDAQ:FLUX) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,002,570 shares, an increase of 79.1% from the September 30th total of 559,869 shares. Based on an average daily trading volume, of 16,122,411 shares, the short-interest ratio is currently 0.1 days. Currently, 5.9% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Zacks Research raised Flux Power from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Roth Capital set a $1.60 target price on shares of Flux Power in a research note on Friday, August 21st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Flux Power in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1.60.

Flux Power Trading Down 1.5%

FLUX opened at $0.45 on Tuesday. The stock has a market capitalization of $9.67 million, a price-to-earnings ratio of -1.18 and a beta of 1.65. The company has a quick ratio of 0.30, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. Flux Power has a twelve month low of $0.39 and a twelve month high of $2.72. The company has a 50-day simple moving average of $0.51 and a 200 day simple moving average of $0.92.

Flux Power (NASDAQ:FLUX) last released its earnings results on Thursday, August 20th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Flux Power had a negative net margin of 17.68% and a negative return on equity of 231.21%. The firm had revenue of $8.25 million for the quarter, compared to analyst estimates of $7.94 million. Analysts predict that Flux Power will post -0.42 EPS for the current fiscal year.

Flux Power Company Profile

Flux Power Holdings, Inc develops, manufactures and sells lithium-ion battery systems for commercial and industrial applications. The company focuses primarily on energy solutions for material-handling equipment, including electric forklifts, pallet jacks, reach trucks and other warehouse vehicles.

Its product portfolio includes modular lithium-ion battery packs, battery-management systems, chargers and related software and monitoring capabilities. These systems are designed to support fleet electrification, improve energy efficiency and reduce the maintenance requirements associated with traditional lead-acid batteries.

Flux Power serves customers in the material-handling, warehousing, distribution, manufacturing and airport ground-support markets.