Flux Power Holdings, Inc. (NASDAQ:FLUX) Short Interest Up 28.2% in March

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 252,600 shares, an increase of 28.2% from the February 28th total of 197,000 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 89,300 shares, the days-to-cover ratio is presently 2.8 days.

Flux Power Trading Down 0.6 %

FLUX stock traded down $0.01 during midday trading on Wednesday, reaching $1.63. The company’s stock had a trading volume of 32,180 shares, compared to its average volume of 82,299. The business’s 50-day simple moving average is $1.62 and its 200-day simple moving average is $2.09. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. Flux Power has a 52 week low of $1.15 and a 52 week high of $5.46. The stock has a market cap of $27.19 million, a PE ratio of -3.20 and a beta of 1.29.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings results on Wednesday, January 29th. The company reported ($0.17) earnings per share (EPS) for the quarter. Flux Power had a negative return on equity of 160.99% and a negative net margin of 13.70%. As a group, sell-side analysts expect that Flux Power will post -0.16 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on FLUX. Maxim Group lowered their target price on Flux Power from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. HC Wainwright decreased their price target on Flux Power from $15.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, March 24th.

Hedge Funds Weigh In On Flux Power

Several institutional investors have recently modified their holdings of FLUX. Millennium Management LLC acquired a new stake in shares of Flux Power in the 4th quarter valued at approximately $27,000. Jane Street Group LLC bought a new stake in Flux Power in the third quarter valued at approximately $32,000. Park Edge Advisors LLC raised its holdings in Flux Power by 32.0% in the fourth quarter. Park Edge Advisors LLC now owns 103,192 shares of the company’s stock worth $163,000 after purchasing an additional 25,000 shares during the period. HighTower Advisors LLC boosted its position in shares of Flux Power by 7.3% during the fourth quarter. HighTower Advisors LLC now owns 294,312 shares of the company’s stock worth $465,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Flux Power by 8.0% in the 4th quarter. Tidal Investments LLC now owns 481,916 shares of the company’s stock valued at $761,000 after buying an additional 35,826 shares during the period. 37.96% of the stock is currently owned by institutional investors and hedge funds.

Flux Power Company Profile

Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the North America. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift.