Flux Power Holdings, Inc. (NASDAQ:FLUX) Short Interest Update

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 446,857 shares, a drop of 29.2% from the December 31st total of 630,835 shares. Approximately 2.8% of the company’s shares are short sold. Based on an average daily volume of 182,564 shares, the short-interest ratio is currently 2.4 days. Based on an average daily volume of 182,564 shares, the short-interest ratio is currently 2.4 days. Approximately 2.8% of the company’s shares are short sold.

Institutional Trading of Flux Power

Institutional investors and hedge funds have recently modified their holdings of the business. Formidable Asset Management LLC raised its position in shares of Flux Power by 0.4% during the 4th quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock worth $3,992,000 after purchasing an additional 13,899 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Flux Power during the third quarter worth $72,000. Finally, JGP Wealth Management LLC purchased a new position in shares of Flux Power in the fourth quarter valued at $74,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

Wall Street Analyst Weigh In

FLUX has been the topic of a number of research analyst reports. Zacks Research raised Flux Power from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Wall Street Zen downgraded Flux Power from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Flux Power in a report on Thursday, January 22nd. Finally, Roth Mkm reiterated a “buy” rating on shares of Flux Power in a research note on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Flux Power currently has an average rating of “Hold” and an average target price of $6.00.

Flux Power Trading Down 6.4%

FLUX stock traded down $0.09 during trading on Friday, hitting $1.32. 207,233 shares of the company’s stock were exchanged, compared to its average volume of 138,775. The business has a 50-day moving average price of $1.49 and a two-hundred day moving average price of $2.35. Flux Power has a 52-week low of $1.15 and a 52-week high of $7.55. The stock has a market capitalization of $28.17 million, a price-to-earnings ratio of -2.93 and a beta of 1.55.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). The company had revenue of $13.18 million for the quarter, compared to analysts’ expectations of $14.11 million. On average, equities research analysts anticipate that Flux Power will post -0.16 earnings per share for the current fiscal year.

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.