Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Sees Large Drop in Short Interest

Key Points

• Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) experienced a significant drop in short interest, decreasing by 32.6% from August to September, totaling approximately 3.25 million shares.
• The company's stock has seen a 76.6% increase and currently trades at $1.89, with a market cap of $116.66 million.
• Dragonfly Energy reported an earnings surprise, with an EPS of ($0.58), outperforming estimates, and anticipates a forecast of -6.48 EPS for the current fiscal year.

Dragonfly Energy Holdings Corp. (NASDAQ:DFLI - Get Free Report) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 3,250,000 shares, a drop of 32.6% from the August 31st total of 4,820,000 shares. Currently, 5.6% of the shares of the stock are sold short. Based on an average daily volume of 23,610,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 23,610,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 5.6% of the shares of the stock are sold short.

Dragonfly Energy Trading Up 76.6%

DFLI stock opened at $1.89 on Monday. The firm has a market cap of $116.66 million, a P/E ratio of -0.49 and a beta of -0.36. The stock's 50 day simple moving average is $0.36 and its 200 day simple moving average is $0.43. Dragonfly Energy has a 12-month low of $0.15 and a 12-month high of $5.78.

Dragonfly Energy (NASDAQ:DFLI - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.58) EPS for the quarter, beating the consensus estimate of ($1.29) by $0.71. The company had revenue of $16.25 million for the quarter, compared to the consensus estimate of $14.68 million. Dragonfly Energy has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Dragonfly Energy will post -6.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on DFLI. Wall Street Zen upgraded Dragonfly Energy to a "hold" rating in a report on Friday, September 26th. Weiss Ratings reissued a "sell (e+)" rating on shares of Dragonfly Energy in a research note on Saturday, September 27th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $1.50.

Dragonfly Energy Company Profile

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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