Flux Power Holdings, Inc. (NASDAQ:FLUX) Shares Shorted: Short Interest Up 79.1% in October

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 1,002,570 shares, a growth of 79.1% from the September 30th total of 559,869 shares. Approximately 5.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,122,411 shares, the days-to-cover ratio is presently 0.1 days.

Flux Power Price Performance

Shares of FLUX traded down $0.01 during trading hours on Friday, reaching $0.43. 152,362 shares of the company’s stock traded hands, compared to its average volume of 8,940,822. The stock has a market cap of $9.29 million, a PE ratio of -1.13 and a beta of 1.65. The company has a current ratio of 1.03, a quick ratio of 0.30 and a debt-to-equity ratio of 0.01. The firm’s 50 day simple moving average is $0.51 and its 200-day simple moving average is $0.93. Flux Power has a 12 month low of $0.39 and a 12 month high of $3.45.

Flux Power (NASDAQ:FLUX) last released its earnings results on Thursday, August 20th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The business had revenue of $8.25 million for the quarter, compared to analysts’ expectations of $7.94 million. Flux Power had a negative return on equity of 231.21% and a negative net margin of 17.68%. Equities analysts expect that Flux Power will post -0.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FLUX shares. Roth Capital set a $1.60 target price on shares of Flux Power in a report on Friday, August 21st. Zacks Research raised shares of Flux Power from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Flux Power in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Flux Power currently has an average rating of “Hold” and an average target price of $1.60.

Flux Power Company Profile

Flux Power Holdings, Inc develops, manufactures and sells lithium-ion battery systems for commercial and industrial applications. The company focuses primarily on energy solutions for material-handling equipment, including electric forklifts, pallet jacks, reach trucks and other warehouse vehicles.

Its product portfolio includes modular lithium-ion battery packs, battery-management systems, chargers and related software and monitoring capabilities. These systems are designed to support fleet electrification, improve energy efficiency and reduce the maintenance requirements associated with traditional lead-acid batteries.

Flux Power serves customers in the material-handling, warehousing, distribution, manufacturing and airport ground-support markets.