Short Interest in Factorial Energy (NASDAQ:FAC) Decreases By 47.9%

Factorial Energy (NASDAQ:FAC) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 194,522 shares, a decline of 47.9% from the July 15th total of 373,367 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 270,140 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Zacks Research upgraded Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Wall Street Zen cut shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday. Weiss Ratings began coverage on shares of Factorial Energy in a research note on Wednesday. They issued a “sell (e-)” rating on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 target price on shares of Factorial Energy in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.00.

Factorial Energy Stock Down 10.3%

NASDAQ:FAC traded down $0.59 during midday trading on Friday, hitting $5.16. The stock had a trading volume of 304,765 shares, compared to its average volume of 276,590. The stock has a market cap of $552.22 million, a P/E ratio of -7.82 and a beta of 1.25. Factorial Energy has a one year low of $4.24 and a one year high of $25.33.

Factorial Energy (NASDAQ:FAC) last issued its earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. On average, sell-side analysts anticipate that Factorial Energy will post -0.28 EPS for the current fiscal 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.