Flux Power Holdings, Inc. (NASDAQ:FLUX) Short Interest Update

Flux Power Holdings, Inc. (NASDAQ:FLUX) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 176,700 shares, an increase of 10.8% from the August 31st total of 159,500 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 79,900 shares, the short-interest ratio is currently 2.2 days.

Flux Power Stock Performance

Shares of NASDAQ FLUX traded down $0.18 during midday trading on Tuesday, hitting $2.86. 43,893 shares of the company’s stock were exchanged, compared to its average volume of 82,110. The company has a quick ratio of 0.42, a current ratio of 1.10 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $47.71 million, a PE ratio of -7.05 and a beta of 1.18. Flux Power has a 12 month low of $2.64 and a 12 month high of $5.86. The company’s 50 day moving average price is $3.27 and its 200 day moving average price is $3.62.

Hedge Funds Weigh In On Flux Power

An institutional investor recently raised its position in Flux Power stock. Vanguard Group Inc. grew its position in shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) by 14.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 530,317 shares of the company’s stock after buying an additional 65,448 shares during the period. Vanguard Group Inc. owned approximately 3.21% of Flux Power worth $2,349,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 37.96% of the company’s stock.

Flux Power Company Profile

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.