Flux Power Holdings, Inc. (NASDAQ:FLUX) Short Interest Up 10.8% in September

Posted by Teresa Graham on Oct 1st, 2024

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

Institutional Investors Weigh In On Flux Power

A hedge fund recently raised its stake in Flux Power stock. Vanguard Group Inc. increased its position in shares of Flux Power Holdings, Inc. (NASDAQ:FLUX – Free Report) by 14.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 530,317 shares of the company’s stock after purchasing an additional 65,448 shares during the period. Vanguard Group Inc. owned 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 Trading Down 5.9 %

Flux Power stock traded down $0.18 during midday trading on Tuesday, hitting $2.86. 43,893 shares of the stock were exchanged, compared to its average volume of 82,110. Flux Power has a fifty-two week low of $2.64 and a fifty-two week high of $5.86. The stock has a market capitalization of $47.71 million, a price-to-earnings ratio of -6.65 and a beta of 1.18. The stock’s 50-day simple moving average is $3.27 and its 200 day simple moving average is $3.62. The company has a current ratio of 1.10, a quick ratio of 0.42 and a debt-to-equity ratio of 0.03.

About Flux Power

(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.