Short Interest in Flux Power Holdings, Inc. (NASDAQ:FLUX) Decreases By 6.5%

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

Hedge Funds Weigh In On Flux Power

An institutional investor recently raised its position in Flux Power stock. HighTower Advisors LLC grew its holdings in shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) by 176.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,312 shares of the company’s stock after purchasing an additional 175,210 shares during the period. 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 Up 0.6 %

NASDAQ:FLUX opened at $1.68 on Tuesday. Flux Power has a 52 week low of $1.55 and a 52 week high of $5.86. The stock’s fifty day moving average is $2.18 and its two-hundred day moving average is $2.90. The stock has a market capitalization of $28.03 million, a price-to-earnings ratio of -3.91 and a beta of 1.09. The company has a quick ratio of 0.42, a current ratio of 1.10 and a debt-to-equity ratio of 0.03.

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.