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

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 319,926 shares, a drop of 26.1% from the March 15th total of 432,949 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 129,862 shares, the days-to-cover ratio is currently 2.5 days.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports 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. Zacks Research upgraded shares of Flux Power from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Flux Power in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Insider Activity

In related news, Director Michael Johnson sold 65,510 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $1.27, for a total transaction of $83,197.70. Following the completion of the sale, the director owned 4,061,799 shares in the company, valued at $5,158,484.73. This trade represents a 1.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 22.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Flux Power

Institutional investors have recently modified their holdings of the business. Formidable Asset Management LLC boosted its stake in Flux Power by 4.2% during the 3rd quarter. Formidable Asset Management LLC now owns 3,129,157 shares of the company’s stock worth $11,703,000 after acquiring an additional 125,043 shares during the last quarter. Virtu Financial LLC bought a new position in Flux Power during the 3rd quarter worth approximately $72,000. JGP Wealth Management LLC bought a new position in Flux Power during the 4th quarter worth approximately $74,000. Geode Capital Management LLC boosted its stake in Flux Power by 22.0% during the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock worth $215,000 after acquiring an additional 30,546 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Flux Power during the 4th quarter worth approximately $83,000. Institutional investors and hedge funds own 37.96% of the company’s stock.

Flux Power Stock Performance

FLUX traded up $0.02 during midday trading on Wednesday, hitting $1.23. The company had a trading volume of 233,429 shares, compared to its average volume of 86,614. The company has a market capitalization of $26.25 million, a PE ratio of -3.97 and a beta of 1.65. Flux Power has a twelve month low of $0.97 and a twelve month high of $7.55. The firm’s 50-day simple moving average is $1.27 and its 200-day simple moving average is $2.10.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.11. The company had revenue of $14.12 million during the quarter, compared to analyst estimates of $15.55 million. As a group, sell-side analysts anticipate that Flux Power will post -0.16 EPS for the current fiscal year.

Flux Power Company Profile

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.