Dragonfly Energy Holdings Corp. (NASDAQ:DFLI – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 1,020,000 shares, a drop of 9.7% from the September 30th total of 1,130,000 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average daily volume of 326,800 shares, the short-interest ratio is currently 3.1 days.
Hedge Funds Weigh In On Dragonfly Energy
Large investors have recently made changes to their positions in the business. KFG Wealth Management LLC grew its holdings in Dragonfly Energy by 37.2% in the 2nd quarter. KFG Wealth Management LLC now owns 423,830 shares of the company’s stock valued at $359,000 after buying an additional 115,000 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Dragonfly Energy in the 2nd quarter valued at approximately $48,000. Finally, AQR Capital Management LLC acquired a new stake in Dragonfly Energy in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 8.19% of the company’s stock.
Dragonfly Energy Stock Down 2.8 %
Shares of NASDAQ:DFLI traded down $0.02 on Thursday, reaching $0.52. The company had a trading volume of 218,380 shares, compared to its average volume of 556,449. Dragonfly Energy has a twelve month low of $0.43 and a twelve month high of $1.46. The stock has a 50-day moving average price of $0.56 and a 200 day moving average price of $0.75. The stock has a market capitalization of $32.71 million, a P/E ratio of -1.02 and a beta of -0.83. The company has a quick ratio of 0.26, a current ratio of 0.90 and a debt-to-equity ratio of 0.01.
About Dragonfly Energy
Dragonfly Energy Holdings Corp. engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries, and industrial and energy storage markets. The company provides lithium power systems comprising solar panels, chargers and inverters, system monitoring, alternator regulators, accessories, and others.
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