Short Interest in Flux Power Holdings, Inc. (NASDAQ:FLUX) Grows By 14.3%

Posted by Thomas Dobrow on Dec 4th, 2024

Flux Power Holdings, Inc. (NASDAQ:FLUX – Get Free Report) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 133,600 shares, an increase of 14.3% from the October 31st total of 116,900 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 66,400 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of Flux Power

Several large investors have recently modified their holdings of FLUX. Jane Street Group LLC purchased a new position in Flux Power during the third quarter worth $32,000. HighTower Advisors LLC raised its stake in Flux Power by 176.8% in the 3rd quarter. HighTower Advisors LLC now owns 274,312 shares of the company’s stock valued at $834,000 after purchasing an additional 175,210 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Flux Power by 14.1% in the 1st quarter. Vanguard Group Inc. now owns 530,317 shares of the company’s stock valued at $2,349,000 after purchasing an additional 65,448 shares in the last quarter. 37.96% of the stock is currently owned by institutional investors and hedge funds.

Flux Power Price Performance

Shares of FLUX stock traded down $0.09 during mid-day trading on Tuesday, reaching $1.73. The stock had a trading volume of 68,372 shares, compared to its average volume of 80,878. The company has a market cap of $28.86 million, a P/E ratio of -4.02 and a beta of 1.09. Flux Power has a 12-month low of $1.56 and a 12-month high of $5.86. The business has a 50-day simple moving average of $2.67 and a 200 day simple moving average of $3.07. The company has a current ratio of 1.10, a quick ratio of 0.42 and a debt-to-equity ratio of 0.03.

Flux Power Company Profile

(Get Free Report)

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.