Factorial Energy (NASDAQ:FAC) Short Interest Update

Factorial Energy (NASDAQ:FAC) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 432,274 shares, a growth of 76.4% from the June 15th total of 245,052 shares. Based on an average trading volume of 243,686 shares, the short-interest ratio is currently 1.8 days. Currently, 1.4% of the company’s shares are sold short.

Factorial Energy Stock Down 8.1%

Shares of NASDAQ:FAC opened at $5.58 on Friday. The company has a market capitalization of $597.17 million and a P/E ratio of 23.25. Factorial Energy has a 52 week low of $4.24 and a 52 week high of $25.33.

Analyst Upgrades and Downgrades

FAC has been the topic of several research analyst reports. Cantor Fitzgerald began coverage on Factorial Energy in a research note on Tuesday, June 23rd. They issued an “overweight” rating and a $18.00 price objective on the stock. Zacks Research raised shares of Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Factorial Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

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.