CSLM Acquisition Corp. (NASDAQ:SPWR) Short Interest Down 16.5% in January

CSLM Acquisition Corp. (NASDAQ:SPWR) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 10,289,420 shares, a drop of 16.5% from the December 31st total of 12,321,284 shares. Currently, 17.3% of the shares of the company are short sold. Based on an average trading volume of 1,012,473 shares, the short-interest ratio is presently 10.2 days. Based on an average trading volume of 1,012,473 shares, the short-interest ratio is presently 10.2 days. Currently, 17.3% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CSLM Acquisition in a research report on Friday, December 26th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, CSLM Acquisition currently has a consensus rating of “Hold” and a consensus target price of $5.40.

CSLM Acquisition Trading Down 5.4%

Shares of SPWR opened at $1.59 on Wednesday. CSLM Acquisition has a 12 month low of $1.19 and a 12 month high of $2.50. The firm’s 50 day moving average is $1.68 and its 200-day moving average is $1.68. The stock has a market capitalization of $171.12 million, a PE ratio of -3.38 and a beta of 0.81.

CSLM Acquisition (NASDAQ:SPWR) last issued its quarterly earnings results on Friday, December 19th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). CSLM Acquisition had a negative return on equity of 16.64% and a net margin of 5.11%.The company had revenue of $70.01 million for the quarter, compared to analyst estimates of $68.00 million.

CSLM Acquisition Company Profile

Complete Solaria, Inc engages in the provision of solar services. It offers sales enablement, project management, partner coordination, and customer communication. The company is headquartered in San Ramon, CA and does business as SunPower Corporation.