Flux Power Holdings, Inc. (NASDAQ:FLUX) Short Interest Up 248.4% in August

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 635,984 shares, a growth of 248.4% from the August 15th total of 182,530 shares. Based on an average daily volume of 1,660,148 shares, the short-interest ratio is currently 0.4 days. Currently, 3.8% of the company’s shares are sold short.

Flux Power Trading Down 0.0%

Shares of NASDAQ FLUX traded down $0.00 during midday trading on Monday, reaching $0.57. 29,169 shares of the stock were exchanged, compared to its average volume of 289,650. The business has a 50-day simple moving average of $0.63 and a two-hundred day simple moving average of $0.95. The company has a market capitalization of $12.37 million, a price-to-earnings ratio of -1.52 and a beta of 1.76. Flux Power has a 12 month low of $0.47 and a 12 month high of $7.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.30.

Flux Power (NASDAQ:FLUX) last released its quarterly earnings data on Thursday, August 20th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). Flux Power had a negative net margin of 17.68% and a negative return on equity of 231.21%. The business had revenue of $8.25 million during the quarter, compared to analysts’ expectations of $7.94 million. As a group, equities research analysts expect that Flux Power will post -0.41 EPS for the current year.

Institutional Investors Weigh In On Flux Power

Several large investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of Flux Power during the third quarter worth about $72,000. State Street Corp grew its position in shares of Flux Power by 39.4% in the 4th quarter. State Street Corp now owns 49,568 shares of the company’s stock valued at $63,000 after purchasing an additional 14,000 shares during the period. XTX Topco Ltd bought a new stake in Flux Power during the 4th quarter worth approximately $64,000. Renaissance Technologies LLC bought a new stake in Flux Power during the 4th quarter worth approximately $83,000. Finally, Quadrature Capital Ltd acquired a new stake in Flux Power during the 4th quarter worth approximately $152,000. 37.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FLUX has been the subject of a number of recent analyst reports. Zacks Research upgraded Flux Power from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Roth Capital set a $1.60 target price on Flux Power in a report on Friday, August 21st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Flux Power in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Flux Power has a consensus rating of “Hold” and a consensus target price of $1.60.

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.