Factorial Energy (NASDAQ:FAC) Short Interest Update

Key Points

• Short interest fell sharply by 47.9% to 194,522 shares as of July 31, representing 0.2% of outstanding shares and a short-interest ratio of 0.7 days.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $18.00; ratings range from Buy to Strong Sell.
• Factorial Energy shares dropped 10.3% to $5.16, while the company reported a quarterly loss of $0.85 per share and analysts expect a full-year loss of $0.28 per share.

Factorial Energy (NASDAQ:FAC - Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 194,522 shares, a decrease of 47.9% from the July 15th total of 373,367 shares. Based on an average daily volume of 270,140 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

FAC has been the subject of a number of research analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $18.00 price objective on shares of Factorial Energy in a research report on Wednesday. Zacks Research upgraded Factorial Energy to a "hold" rating in a report on Wednesday, June 24th. Wall Street Zen downgraded Factorial Energy from a "sell" rating to a "strong sell" rating in a research note on Sunday. Finally, Weiss Ratings assumed coverage on Factorial Energy in a report on Wednesday. They set a "sell (e-)" rating on the stock. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $18.00.

Factorial Energy Stock Down 10.3%

Shares of NASDAQ:FAC traded down $0.59 on Friday, reaching $5.16. The company's stock had a trading volume of 304,765 shares, compared to its average volume of 276,590. Factorial Energy has a 52-week low of $4.24 and a 52-week high of $25.33. The stock has a market capitalization of $552.22 million, a P/E ratio of -7.82 and a beta of 1.25.

Factorial Energy (NASDAQ:FAC - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. On average, analysts expect that Factorial Energy will post -0.28 earnings per share for the current year.

Factorial Energy Company Profile

We are a blank check company incorporated on October 29, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

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