Flux Power Holdings, Inc. (NASDAQ:FLUX) Short Interest Up 16.8% in February

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 197,000 shares, a growth of 16.8% from the February 13th total of 168,700 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 82,300 shares, the days-to-cover ratio is currently 2.4 days.

Flux Power Trading Up 0.3 %

Shares of FLUX stock opened at $1.63 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.37. The firm has a market cap of $27.11 million, a PE ratio of -3.19 and a beta of 1.29. The company has a 50-day moving average of $1.59 and a two-hundred day moving average of $2.17. Flux Power has a 1-year low of $1.15 and a 1-year high of $5.46.

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

Analyst Upgrades and Downgrades

Separately, Maxim Group dropped their price objective on shares of Flux Power from $6.00 to $4.00 and set a “buy” rating for the company in a report on Monday, February 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in shares of Flux Power in the third quarter valued at approximately $32,000. HighTower Advisors LLC boosted its stake in shares of Flux Power by 176.8% in the third quarter. HighTower Advisors LLC now owns 274,312 shares of the company’s stock valued at $834,000 after purchasing an additional 175,210 shares during the period. Millennium Management LLC purchased a new position in shares of Flux Power in the fourth quarter valued at approximately $27,000. Tidal Investments LLC boosted its stake in shares of Flux Power by 8.0% in the fourth quarter. Tidal Investments LLC now owns 481,916 shares of the company’s stock valued at $761,000 after purchasing an additional 35,826 shares during the period. Finally, Park Edge Advisors LLC boosted its stake in shares of Flux Power by 32.0% in the fourth quarter. Park Edge Advisors LLC now owns 103,192 shares of the company’s stock valued at $163,000 after purchasing an additional 25,000 shares during the period. Hedge funds and other institutional investors own 37.96% of the company’s stock.

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.