Short Interest in Flux Power Holdings, Inc. (NASDAQ:FLUX) Rises By 34.4%

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 339,600 shares, a growth of 34.4% from the March 15th total of 252,600 shares. Based on an average daily volume of 74,800 shares, the short-interest ratio is currently 4.5 days. Approximately 2.8% of the company’s shares are short sold.

Institutional Trading of Flux Power

Large investors have recently made changes to their positions in the stock. Millennium Management LLC bought a new stake in Flux Power during the 4th quarter valued at about $27,000. Jane Street Group LLC purchased a new position in shares of Flux Power during the third quarter worth approximately $32,000. Park Edge Advisors LLC raised its stake in shares of Flux Power by 32.0% during the fourth quarter. Park Edge Advisors LLC now owns 103,192 shares of the company’s stock valued at $163,000 after acquiring an additional 25,000 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Flux Power by 7.3% in the fourth quarter. HighTower Advisors LLC now owns 294,312 shares of the company’s stock valued at $465,000 after purchasing an additional 20,000 shares during the period. Finally, Tidal Investments LLC grew its stake in Flux Power by 8.0% in 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. 37.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FLUX has been the subject of a number of recent research reports. HC Wainwright cut their target price on Flux Power from $15.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Maxim Group cut their price objective on shares of Flux Power from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd.

Flux Power Stock Up 1.4 %

Shares of NASDAQ FLUX opened at $1.40 on Monday. Flux Power has a 1 year low of $1.15 and a 1 year high of $5.05. The firm has a 50-day simple moving average of $1.53 and a two-hundred day simple moving average of $1.93. The company has a market cap of $23.47 million, a P/E ratio of -2.75 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.37.

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

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.