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

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

Institutional Investors Weigh In On Flux Power

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Flux Power in the third quarter worth about $32,000. Millennium Management LLC bought a new stake in shares of Flux Power in the fourth quarter worth about $27,000. HighTower Advisors LLC increased its holdings in shares of Flux Power by 7.3% in the fourth quarter. HighTower Advisors LLC now owns 294,312 shares of the company’s stock worth $465,000 after purchasing an additional 20,000 shares during the last quarter. Park Edge Advisors LLC increased its holdings 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 worth $163,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Tidal Investments LLC grew its position in Flux Power by 8.0% in the fourth quarter. Tidal Investments LLC now owns 481,916 shares of the company’s stock worth $761,000 after acquiring an additional 35,826 shares in the last quarter. 37.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Maxim Group decreased their price target on Flux Power from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Monday, February 3rd.

Flux Power Price Performance

NASDAQ:FLUX traded down $0.20 on Wednesday, reaching $1.62. 239,692 shares of the company’s stock traded hands, compared to its average volume of 81,229. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. The stock has a 50-day simple moving average of $1.60 and a 200-day simple moving average of $2.18. The firm has a market cap of $27.02 million, a PE ratio of -3.18 and a beta of 1.29. Flux Power has a 12 month low of $1.15 and a 12 month high of $5.46.

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

About Flux Power

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.