Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Short Interest Update

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 170,100 shares, an increase of 19.7% from the December 15th total of 142,100 shares. Approximately 4.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 69,100 shares, the short-interest ratio is currently 2.5 days.

Dragonfly Energy Price Performance

Shares of NASDAQ:DFLI traded down $0.13 on Friday, hitting $2.60. The company’s stock had a trading volume of 85,511 shares, 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 company has a debt-to-equity ratio of 0.01, a current ratio of 0.80 and a quick ratio of 0.31. The company has a market capitalization of $18.24 million, a PE ratio of -0.64 and a beta of -0.78. The company has a 50-day simple moving average of $3.43 and a 200 day simple moving average of $4.87.

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 the company in its most recent disclosure with the SEC. The institutional investor acquired 43,513 shares of the company’s stock, valued at approximately $37,000. AQR Capital Management LLC owned approximately 0.07% of Dragonfly Energy as of its most recent filing with the SEC. 8.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their price objective 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.com, Dragonfly Energy has a consensus rating of “Buy” and an average target price 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.