Short Interest in Flux Power Holdings, Inc. (NASDAQ:FLUX) Rises By 41.9%

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 630,835 shares, a growth of 41.9% from the December 15th total of 444,704 shares. Based on an average trading volume of 322,507 shares, the short-interest ratio is currently 2.0 days. Approximately 4.0% of the company’s shares are sold short. Approximately 4.0% of the company’s shares are sold short. Based on an average trading volume of 322,507 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analysts Forecast Growth

FLUX has been the subject of several research analyst reports. Zacks Research lowered Flux Power from a “hold” rating to a “strong sell” rating in a research note on Friday, December 12th. Wall Street Zen lowered shares of Flux Power from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Flux Power in a research note on Wednesday, October 8th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a research report on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.00.

Institutional Investors Weigh In On Flux Power

Hedge funds have recently bought and sold shares of the business. Formidable Asset Management LLC grew its stake in Flux Power by 4.2% in the third quarter. Formidable Asset Management LLC now owns 3,129,157 shares of the company’s stock valued at $11,703,000 after purchasing an additional 125,043 shares in the last quarter. JGP Wealth Management LLC acquired a new stake in shares of Flux Power during the 4th quarter valued at about $74,000. Finally, Virtu Financial LLC bought a new stake in shares of Flux Power in the 3rd quarter valued at approximately $72,000. 37.96% of the stock is owned by hedge funds and other institutional investors.

Flux Power Trading Up 1.3%

Shares of NASDAQ FLUX opened at $1.54 on Monday. Flux Power has a 12-month low of $1.15 and a 12-month high of $7.55. The company has a market cap of $32.86 million, a PE ratio of -3.42 and a beta of 1.57. The stock has a 50 day simple moving average of $1.58 and a 200-day simple moving average of $2.39.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). The company had revenue of $13.18 million for the quarter, compared to analyst estimates of $14.11 million. Sell-side analysts forecast that Flux Power will post -0.16 earnings per share for the current fiscal year.

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.