Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Sees Significant Increase in Short Interest

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 170,100 shares, a growth of 19.7% from the December 15th total of 142,100 shares. Approximately 4.4% of the company’s shares are short sold. Based on an average daily volume of 69,100 shares, the short-interest ratio is presently 2.5 days.

Dragonfly Energy Stock Down 4.8 %

Shares of DFLI traded down $0.13 during midday trading on Friday, reaching $2.60. 85,511 shares of the company were exchanged, compared to its average volume of 80,031. Dragonfly Energy has a 1-year low of $2.50 and a 1-year high of $13.14. The stock has a 50-day moving average price of $3.43 and a 200-day moving average price of $4.87. The company has a current ratio of 0.80, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The company has a market cap of $18.24 million, a price-to-earnings ratio of -0.64 and a beta of -0.78.

Hedge Funds Weigh In On Dragonfly Energy

An institutional investor recently bought a new position in Dragonfly Energy stock. AQR Capital Management LLC acquired a new stake in Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 43,513 shares of the company’s stock, valued at approximately $37,000. AQR Capital Management LLC owned about 0.07% of Dragonfly Energy at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.19% of the company’s stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their target price on shares of Dragonfly Energy from $13.50 to $11.25 and set a “buy” rating for the company in a research report on Friday, November 15th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $15.66.

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.