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

Flux Power Holdings, Inc. (NASDAQ:FLUX) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 156,600 shares, a drop of 6.5% from the November 30th total of 167,400 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 74,100 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Investors Weigh In On Flux Power

A hedge fund recently raised its stake in Flux Power stock. HighTower Advisors LLC raised its holdings in shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) by 176.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,312 shares of the company’s stock after buying an additional 175,210 shares during the quarter. HighTower Advisors LLC owned about 1.64% of Flux Power worth $834,000 as of its most recent SEC filing. Institutional investors own 37.96% of the company’s stock.

Flux Power Stock Down 6.0 %

FLUX stock opened at $1.58 on Thursday. The stock has a market capitalization of $26.36 million, a P/E ratio of -3.67 and a beta of 1.09. Flux Power has a 52 week low of $1.55 and a 52 week high of $5.86. The firm has a 50-day simple moving average of $2.12 and a 200-day simple moving average of $2.88. The company has a quick ratio of 0.42, a current ratio of 1.10 and a debt-to-equity ratio of 0.03.

About Flux Power

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.