Flux Power Holdings, Inc. (NASDAQ:FLUX) Sees Large Growth in Short Interest

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

Flux Power Stock Performance

Shares of NASDAQ FLUX traded down $0.01 during midday trading on Friday, hitting $0.43. 152,362 shares of the company’s stock traded hands, compared to its average volume of 8,940,822. Flux Power has a 1 year low of $0.39 and a 1 year high of $3.45. The stock has a market capitalization of $9.29 million, a price-to-earnings ratio of -1.13 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.30 and a current ratio of 1.03. The firm has a fifty day moving average of $0.51 and a 200 day moving average of $0.93.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on FLUX. Roth Capital set a $1.60 target price on Flux Power in a report on Friday, August 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Flux Power in a report on Wednesday, August 12th. Finally, Zacks Research raised Flux Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.