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

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a large increase in short interest during the month of 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. Based on an average daily volume of 82,300 shares, the short-interest ratio is currently 2.4 days. Approximately 1.6% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Maxim Group lowered their price objective on Flux Power from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Monday, February 3rd.

Flux Power Stock Performance

FLUX stock traded up $0.05 on Thursday, hitting $1.67. The company’s stock had a trading volume of 2,048 shares, compared to its average volume of 81,058. The firm has a 50 day moving average of $1.60 and a two-hundred day moving average of $2.17. Flux Power has a 1 year low of $1.15 and a 1 year high of $5.46. The stock has a market cap of $27.78 million, a price-to-earnings ratio of -3.31 and a beta of 1.29. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 0.58.

Flux Power (NASDAQ:FLUX) last announced its quarterly earnings data on Wednesday, January 29th. The company reported ($0.17) earnings per share for the quarter. Flux Power had a negative net margin of 13.70% and a negative return on equity of 160.99%. Equities analysts predict that Flux Power will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Flux Power in the 3rd quarter worth approximately $32,000. HighTower Advisors LLC grew its holdings in Flux Power by 176.8% in the third quarter. HighTower Advisors LLC now owns 274,312 shares of the company’s stock valued at $834,000 after purchasing an additional 175,210 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Flux Power in the fourth quarter valued at $27,000. Tidal Investments LLC raised its stake in shares of Flux Power by 8.0% during the 4th quarter. Tidal Investments LLC now owns 481,916 shares of the company’s stock worth $761,000 after buying an additional 35,826 shares during the last quarter. Finally, Park Edge Advisors LLC raised its stake in shares of Flux Power by 32.0% during the 4th quarter. Park Edge Advisors LLC now owns 103,192 shares of the company’s stock worth $163,000 after buying an additional 25,000 shares during the last quarter. 37.96% of the stock is owned by hedge funds and other institutional investors.

Flux Power Company Profile

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.