Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Short Interest Update

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 3,400,000 shares, a growth of 5.3% from the March 31st total of 3,230,000 shares. Based on an average daily trading volume, of 745,800 shares, the short-interest ratio is presently 4.6 days. Approximately 15.5% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DFLI shares. Roth Capital reiterated a “buy” rating on shares of Dragonfly Energy in a report on Tuesday, April 16th. Roth Mkm restated a “buy” rating and set a $0.90 price target on shares of Dragonfly Energy in a research report on Tuesday, April 16th. Finally, Chardan Capital reissued a “buy” rating and set a $3.00 price objective on shares of Dragonfly Energy in a research report on Tuesday, April 16th.

Dragonfly Energy Stock Performance

Shares of DFLI opened at $0.86 on Wednesday. Dragonfly Energy has a fifty-two week low of $0.43 and a fifty-two week high of $5.33. The firm’s 50-day simple moving average is $0.58 and its two-hundred day simple moving average is $0.61. The stock has a market cap of $51.69 million, a PE ratio of -3.18 and a beta of -0.52.

Dragonfly Energy (NASDAQ:DFLI) last posted its quarterly earnings results on Monday, April 15th. The company reported $0.05 earnings per share for the quarter. Dragonfly Energy had a negative return on equity of 110.79% and a negative net margin of 21.46%. The company had revenue of $10.44 million for the quarter. Equities research analysts predict that Dragonfly Energy will post -0.51 EPS for the current year.

Institutional Investors Weigh In On Dragonfly Energy

A number of institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in Dragonfly Energy in the 3rd quarter worth about $34,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Dragonfly Energy during the 3rd quarter valued at about $32,000. Koshinski Asset Management Inc. raised its holdings in Dragonfly Energy by 100.0% in the fourth quarter. Koshinski Asset Management Inc. now owns 240,000 shares of the company’s stock worth $130,000 after buying an additional 120,000 shares during the last quarter. Finally, KFG Wealth Management LLC lifted its stake in shares of Dragonfly Energy by 323.3% in the fourth quarter. KFG Wealth Management LLC now owns 112,600 shares of the company’s stock worth $61,000 after buying an additional 86,000 shares in the last quarter. 8.19% of the stock is owned by hedge funds and other institutional investors.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries, and industrial and energy storage markets. The company provides lithium power systems comprising solar panels, chargers and inverters, system monitoring, alternator regulators, accessories, and others.