Factorial Energy (NASDAQ:FAC) Sees Significant Growth in Short Interest

Key Points

• Factorial Energy’s short interest surged 377.7% to 877,824 shares as of August 31, representing 0.9% of outstanding shares and 2.8 days to cover.
• Analyst sentiment is mixed, with ratings ranging from “strong sell” to “outperform.” The consensus rating is “Hold”, with an average price target of $13.00.
• FAC shares rose 0.4% to $5.28, near the lower end of their $4.24–$25.33 yearly range. The company reported a quarterly loss of $0.85 per share, while analysts expect a full-year loss of $0.28 per share.

Factorial Energy (NASDAQ:FAC - Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 877,824 shares, a growth of 377.7% from the August 15th total of 183,773 shares. Based on an average trading volume of 313,321 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.9% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FAC shares. Oppenheimer initiated coverage on shares of Factorial Energy in a research note on Tuesday, August 25th. They issued an "outperform" rating and a $8.00 price objective on the stock. Weiss Ratings raised shares of Factorial Energy from a "sell (e-)" rating to a "sell (e)" rating in a report on Tuesday, September 1st. Wall Street Zen lowered shares of Factorial Energy from a "sell" rating to a "strong sell" rating in a research report on Sunday, August 16th. Cantor Fitzgerald restated an "overweight" rating and set a $18.00 price objective on shares of Factorial Energy in a report on Wednesday, August 12th. Finally, Zacks Research raised shares of Factorial Energy to a "hold" rating in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.00.

Factorial Energy Trading Up 0.4%

Shares of FAC stock traded up $0.02 during mid-day trading on Friday, reaching $5.28. The stock had a trading volume of 79,521 shares, compared to its average volume of 291,129. Factorial Energy has a one year low of $4.24 and a one year high of $25.33. The company has a market capitalization of $565.39 million, a price-to-earnings ratio of -7.98 and a beta of 1.20. The company has a 50 day moving average of $5.86.

Factorial Energy (NASDAQ:FAC - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.85) earnings per share (EPS) for the quarter. As a group, sell-side analysts expect that Factorial Energy will post -0.28 earnings per share for the current year.

About Factorial Energy

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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