Flux Power Holdings, Inc. (NASDAQ:FLUX) Short Interest Up 66.0% in February

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 666,150 shares, a growth of 66.0% from the January 29th total of 401,373 shares. Approximately 4.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 878,791 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 878,791 shares, the days-to-cover ratio is presently 0.8 days. Approximately 4.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Flux Power in a research note on Thursday, January 22nd. Roth Mkm reissued a “buy” rating on shares of Flux Power in a research note on Friday, November 14th. Zacks Research upgraded Flux Power from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Wall Street Zen raised Flux Power from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.00.

Hedge Funds Weigh In On Flux Power

A number of hedge funds and other institutional investors have recently made changes to their positions in FLUX. State Street Corp increased its position in Flux Power by 39.4% during the 4th quarter. State Street Corp now owns 49,568 shares of the company’s stock valued at $63,000 after purchasing an additional 14,000 shares during the period. XTX Topco Ltd acquired a new position in shares of Flux Power in the 4th quarter worth approximately $64,000. Virtu Financial LLC bought a new stake in shares of Flux Power in the 3rd quarter valued at $72,000. JGP Wealth Management LLC acquired a new stake in shares of Flux Power during the fourth quarter worth $74,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Flux Power during the fourth quarter worth $83,000. 37.96% of the stock is owned by institutional investors and hedge funds.

Flux Power Price Performance

Shares of Flux Power stock traded down $0.06 during trading on Friday, hitting $1.48. The company’s stock had a trading volume of 83,218 shares, compared to its average volume of 677,718. Flux Power has a 52 week low of $1.01 and a 52 week high of $7.55. The stock has a market cap of $31.58 million, a price-to-earnings ratio of -4.77 and a beta of 1.55. The stock has a 50-day moving average price of $1.40 and a two-hundred day moving average price of $2.29.

Flux Power (NASDAQ:FLUX) last announced its earnings results on Thursday, February 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.11. The company had revenue of $14.12 million for the quarter, compared to the consensus estimate of $15.55 million. On average, equities analysts predict that Flux Power will post -0.16 EPS for the current fiscal 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.