Short Interest in Flux Power Holdings, Inc. (NASDAQ:FLUX) Expands By 248.4%

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the recipient of a large increase in short interest during the month of 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. Currently, 3.8% of the shares of the company are short sold. Based on an average daily volume of 1,660,148 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Flux Power

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Flux Power by 39.4% in the fourth quarter. State Street Corp now owns 49,568 shares of the company’s stock valued at $63,000 after buying an additional 14,000 shares during the period. Virtu Financial LLC bought a new stake in Flux Power in the third quarter worth about $72,000. Geode Capital Management LLC lifted its holdings in Flux Power by 22.0% in the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock valued at $215,000 after acquiring an additional 30,546 shares during the last quarter. XTX Topco Ltd acquired a new stake in Flux Power in the 4th quarter valued at about $64,000. Finally, Renaissance Technologies LLC bought a new position in shares of Flux Power during the 4th quarter valued at about $83,000. Institutional investors own 37.96% of the company’s stock.

Flux Power Price Performance

Shares of FLUX stock traded up $0.00 during midday trading on Friday, reaching $0.57. 65,182 shares of the company were exchanged, compared to its average volume of 974,299. Flux Power has a 12 month low of $0.47 and a 12 month high of $7.55. The company has a market cap of $12.37 million, a P/E ratio of -1.51 and a beta of 1.76. The company’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 (NASDAQ:FLUX) last posted its quarterly earnings data on Thursday, August 20th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.94 million. On average, sell-side analysts expect that Flux Power will post -0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FLUX shares. Weiss Ratings restated a “sell (e+)” rating on shares of Flux Power in a research note on Wednesday, August 12th. Zacks Research raised Flux Power from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Roth Capital set a $1.60 target price on Flux Power in a research report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1.60.

Flux Power Company Profile

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.