Flux Power Holdings, Inc. (NASDAQ:FLUX) Short Interest Up 16.8% in February

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 197,000 shares, an increase of 16.8% from the February 13th total of 168,700 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average trading volume of 82,300 shares, the days-to-cover ratio is presently 2.4 days.

Flux Power Stock Up 0.3 %

Shares of NASDAQ:FLUX opened at $1.63 on Friday. The firm’s 50 day moving average price is $1.59 and its 200 day moving average price is $2.17. The stock has a market cap of $27.11 million, a price-to-earnings ratio of -3.19 and a beta of 1.29. Flux Power has a fifty-two week low of $1.15 and a fifty-two week high of $5.46. 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 (NASDAQ:FLUX) last released its quarterly earnings data on Wednesday, January 29th. The company reported ($0.17) earnings per share 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, equities research analysts predict that Flux Power will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Flux Power

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLUX. HighTower Advisors LLC raised its holdings in Flux Power by 176.8% during the third quarter. HighTower Advisors LLC now owns 274,312 shares of the company’s stock worth $834,000 after purchasing an additional 175,210 shares in the last quarter. Tidal Investments LLC raised its holdings in Flux Power by 8.0% during the fourth quarter. Tidal Investments LLC now owns 481,916 shares of the company’s stock worth $761,000 after purchasing an additional 35,826 shares in the last quarter. Park Edge Advisors LLC raised its holdings in Flux Power by 32.0% during 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 in the last quarter. Millennium Management LLC acquired a new stake in Flux Power during the fourth quarter worth approximately $27,000. Finally, Jane Street Group LLC grew its position in shares of Flux Power by 145.0% during the fourth quarter. Jane Street Group LLC now owns 26,062 shares of the company’s stock worth $41,000 after acquiring an additional 15,425 shares during the last quarter. Institutional investors and hedge funds own 37.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Maxim Group reduced their target price on shares of Flux Power from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Monday, February 3rd.

About Flux Power

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.