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

by · The Cerbat Gem

Flux Power Holdings, Inc. (NASDAQ:FLUX – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 635,984 shares, a growth of 248.4% from the August 15th total of 182,530 shares. Approximately 3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,660,148 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FLUX. State Street Corp raised its position in Flux Power by 39.4% during 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. XTX Topco Ltd acquired a new stake in Flux Power during the 4th quarter worth about $64,000. Virtu Financial LLC acquired a new stake in Flux Power during the 3rd quarter worth about $72,000. Renaissance Technologies LLC purchased a new position in Flux Power during the 4th quarter valued at about $83,000. Finally, Quadrature Capital Ltd purchased a new position in Flux Power during the 4th quarter valued at about $152,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

Analysts Set New Price Targets

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

View Our Latest Analysis on FLUX

Flux Power Trading Up 0.1%

Shares of FLUX stock traded up $0.00 during trading hours on Friday, reaching $0.57. 65,182 shares of the stock traded hands, compared to its average volume of 974,299. The company has a quick ratio of 0.30, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $12.37 million, a PE ratio of -1.51 and a beta of 1.76. Flux Power has a 1-year low of $0.47 and a 1-year high of $7.55. The business has a fifty day moving average price of $0.63 and a 200 day moving average price of $0.95.

Flux Power (NASDAQ:FLUX – Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). Flux Power had a negative net margin of 17.68% and a negative return on equity of 231.21%. The firm had revenue of $8.25 million during the quarter, compared to analyst estimates of $7.94 million. On average, equities research analysts forecast that Flux Power will post -0.41 EPS for the current year.

Flux Power Company Profile

(Get Free Report)

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.

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