Short Interest in Flux Power Holdings, Inc. (NASDAQ:FLUX) Drops By 29.2%

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

Flux Power Stock Down 6.4%

FLUX stock opened at $1.32 on Friday. The firm has a market cap of $28.17 million, a price-to-earnings ratio of -2.93 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 business’s fifty day simple moving average is $1.49 and its two-hundred day simple moving average is $2.35.

Flux Power (NASDAQ:FLUX) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.14) earnings per share 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. Research analysts expect that Flux Power will post -0.16 EPS for the current year.

Institutional Trading of Flux Power

Institutional investors have recently modified their holdings of the stock. Formidable Asset Management LLC boosted its holdings in Flux Power by 0.4% in the 4th quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock valued at $3,992,000 after purchasing an additional 13,899 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Flux Power during the 3rd quarter worth approximately $72,000. Finally, JGP Wealth Management LLC acquired a new stake in shares of Flux Power in the 4th quarter valued at approximately $74,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

Wall Street Analyst Weigh In

FLUX has been the subject of several analyst reports. Roth Mkm reaffirmed a “buy” rating on shares of Flux Power in a research note on Friday, November 14th. Zacks Research upgraded Flux Power from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Flux Power in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of Flux Power from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.00.

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.