Flux Power Holdings, Inc. (NASDAQ:FLUX) Sees Significant Growth in Short Interest

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 635,984 shares, an increase of 248.4% from the August 15th total of 182,530 shares. Approximately 3.8% of the shares of the stock are short sold. Based on an average trading volume of 1,660,148 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. State Street Corp increased its stake in Flux Power by 39.4% during the fourth quarter. State Street Corp now owns 49,568 shares of the company’s stock valued at $63,000 after acquiring an additional 14,000 shares during the period. XTX Topco Ltd acquired a new position in shares of Flux Power in the 4th quarter valued at $64,000. Virtu Financial LLC bought a new position in shares of Flux Power during the 3rd quarter worth about $72,000. Renaissance Technologies LLC acquired a new stake in shares of Flux Power during the 4th quarter valued at about $83,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Flux Power during the 4th quarter valued at about $152,000. Institutional investors and hedge funds own 37.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Roth Capital set a $1.60 price objective on Flux Power in a research report on Friday, August 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Flux Power in a research note on Wednesday, August 12th. Finally, Zacks Research raised shares of Flux Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One research analyst has 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1.60.

Flux Power Stock Performance

Shares of Flux Power stock traded up $0.00 on Friday, reaching $0.57. The stock had a trading volume of 65,182 shares, compared to its average volume of 974,299. The business’s 50-day moving average price is $0.63 and its two-hundred day moving average price is $0.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.30 and a current ratio of 1.03. Flux Power has a fifty-two week low of $0.47 and a fifty-two week high of $7.55. The stock has a market cap of $12.37 million, a P/E ratio of -1.51 and a beta of 1.76.

Flux Power (NASDAQ:FLUX) last posted its earnings results on Thursday, August 20th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). Flux Power had a negative net margin of 17.68% and a negative return on equity of 231.21%. The business had revenue of $8.25 million for the quarter, compared to analyst estimates of $7.94 million. On average, sell-side analysts forecast that Flux Power will post -0.41 EPS for the current year.

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.