Flux Power Holdings, Inc. (NASDAQ:FLUX) Short Interest Down 26.1% in February

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 492,463 shares, a drop of 26.1% from the February 12th total of 666,150 shares. Based on an average daily trading volume, of 468,237 shares, the short-interest ratio is presently 1.1 days. Currently, 3.0% of the company’s stock are sold short. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 468,237 shares, the short-interest ratio is presently 1.1 days.

Flux Power Price Performance

NASDAQ FLUX traded down $0.09 during trading on Monday, hitting $1.29. The company’s stock had a trading volume of 240,509 shares, compared to its average volume of 361,868. Flux Power has a fifty-two week low of $1.01 and a fifty-two week high of $7.55. The company has a market cap of $27.53 million, a PE ratio of -4.16 and a beta of 1.54. The business’s 50 day simple moving average is $1.42 and its 200-day simple moving average is $2.27.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.11. The company had revenue of $14.12 million for the quarter, compared to analyst estimates of $15.55 million. Analysts expect that Flux Power will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Flux Power

Several institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in shares of Flux Power during the fourth quarter valued at $64,000. Quadrature Capital Ltd purchased a new position in Flux Power in the 4th quarter worth $152,000. State Street Corp raised its stake in Flux Power by 39.4% in the 4th quarter. State Street Corp now owns 49,568 shares of the company’s stock worth $63,000 after acquiring an additional 14,000 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Flux Power during the 4th quarter worth about $83,000. Finally, Geode Capital Management LLC lifted its position in Flux Power by 22.0% during the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock worth $215,000 after acquiring an additional 30,546 shares during the period. 37.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.