Flux Power Holdings, Inc. (NASDAQ:FLUX) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 727,400 shares, a decline of 26.6% from the March 31st total of 990,400 shares. Approximately 9.2% of the shares of the stock are short sold. Based on an average daily volume of 223,700 shares, the short-interest ratio is presently 3.3 days.

In related news, Director Michael Johnson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $11.23, for a total value of $112,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 71.19% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc bought a new position in shares of Flux Power during the 1st quarter valued at approximately $31,000. FNY Investment Advisers LLC increased its position in shares of Flux Power by 73.0% during the 1st quarter. FNY Investment Advisers LLC now owns 246,735 shares of the company’s stock valued at $3,195,000 after purchasing an additional 104,074 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Flux Power during the 4th quarter valued at approximately $360,000. Jane Street Group LLC bought a new position in shares of Flux Power during the 4th quarter valued at approximately $542,000. Finally, Mcdonald Partners LLC bought a new position in shares of Flux Power during the 4th quarter valued at approximately $806,000. 3.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FLUX traded down $0.61 during mid-day trading on Tuesday, hitting $10.23. 75,422 shares of the stock were exchanged, compared to its average volume of 243,729. The company has a market cap of $129.96 million, a PE ratio of -3.99 and a beta of 0.97. Flux Power has a 52-week low of $4.00 and a 52-week high of $22.50. The firm has a 50-day moving average of $12.05 and a two-hundred day moving average of $13.29. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.87 and a current ratio of 1.41.

Flux Power (NASDAQ:FLUX) last issued its quarterly earnings data on Thursday, February 11th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.02). The firm had revenue of $6.47 million during the quarter, compared to analyst estimates of $5.80 million. On average, sell-side analysts predict that Flux Power will post -1.1 EPS for the current year.

Several analysts have recently issued reports on the company. Zacks Investment Research cut Flux Power from a “buy” rating to a “hold” rating in a report on Wednesday, April 14th. Maxim Group assumed coverage on Flux Power in a report on Thursday, February 4th. They set a “buy” rating on the stock.

About Flux Power

Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells rechargeable lithium-ion energy storage systems for electric forklifts, airport ground support equipment, and other industrial motive applications in the United States. It offers battery management system (BMS) that provides cell balancing, monitoring, and error reporting functions for battery systems.

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