Flux Power Holdings, Inc. (NASDAQ:FLUX) Sees Large Increase in Short Interest

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 666,150 shares, an increase of 66.0% from the January 29th total of 401,373 shares. Based on an average trading volume of 878,791 shares, the days-to-cover ratio is presently 0.8 days. Currently, 4.0% of the shares of the company are short sold. Currently, 4.0% of the shares of the company are short sold. Based on an average trading volume of 878,791 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Formidable Asset Management LLC increased its stake in Flux Power by 0.4% during the fourth quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock worth $3,992,000 after acquiring an additional 13,899 shares during the last quarter. State Street Corp grew its holdings in shares of Flux Power by 39.4% during the 4th quarter. State Street Corp now owns 49,568 shares of the company’s stock worth $63,000 after purchasing an additional 14,000 shares during the period. Virtu Financial LLC acquired a new stake in Flux Power during the 3rd quarter worth approximately $72,000. Geode Capital Management LLC raised its holdings in Flux Power by 22.0% in the fourth quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock valued at $215,000 after buying an additional 30,546 shares during the period. Finally, XTX Topco Ltd purchased a new position in Flux Power in the fourth quarter valued at approximately $64,000. 37.96% of the stock is currently owned by hedge funds and other institutional investors.

Flux Power Trading Up 3.4%

Shares of FLUX stock traded up $0.05 during trading hours on Monday, hitting $1.53. The company’s stock had a trading volume of 179,405 shares, compared to its average volume of 415,845. Flux Power has a twelve month low of $1.01 and a twelve month high of $7.55. The stock has a market cap of $32.65 million, a price-to-earnings ratio of -4.94 and a beta of 1.54. The business has a fifty day moving average of $1.40 and a 200-day moving average of $2.29.

Flux Power (NASDAQ:FLUX) last posted its earnings results on Thursday, February 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.11. The company had revenue of $14.12 million during the quarter, compared to analysts’ expectations of $15.55 million. On average, equities analysts expect that Flux Power will post -0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FLUX shares. Wall Street Zen upgraded shares of Flux Power from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Flux Power in a report on Thursday, January 22nd. Zacks Research upgraded Flux Power from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Flux Power in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Flux Power currently has an average rating of “Moderate Buy” and an average target price of $8.00.

About Flux Power

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.