CSLM Acquisition Corp. (NASDAQ:SPWR) Shares Shorted: Short Interest Up 49.3% in September

CSLM Acquisition Corp. (NASDAQ:SPWR) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 18,644,686 shares, a growth of 49.3% from the August 31st total of 12,488,224 shares. Currently, 15.6% of the company’s stock are sold short. Based on an average daily trading volume, of 34,022,549 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SPWR shares. Wall Street Zen upgraded CSLM Acquisition from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CSLM Acquisition in a research report on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, CSLM Acquisition presently has a consensus rating of “Sell”.

CSLM Acquisition Stock Performance

Shares of SPWR stock opened at $0.31 on Thursday. CSLM Acquisition has a fifty-two week low of $0.20 and a fifty-two week high of $2.27. The firm has a market capitalization of $64.12 million, a PE ratio of -1.62 and a beta of 0.70. The stock’s 50-day simple moving average is $0.31 and its 200-day simple moving average is $0.73.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Park West Asset Management LLC purchased a new stake in CSLM Acquisition in the second quarter valued at $83,000. Yorkville Advisors Global LP purchased a new position in shares of CSLM Acquisition during the 2nd quarter valued at about $378,537. BlackRock Inc. purchased a new position in shares of CSLM Acquisition during the 2nd quarter valued at about $862,000. Polar Asset Management Partners Inc. acquired a new position in shares of CSLM Acquisition in the 2nd quarter valued at about $1,436,000. Finally, Carlyle Group Inc. acquired a new position in shares of CSLM Acquisition in the 2nd quarter valued at about $1,611,000. Hedge funds and other institutional investors own 47.36% of the company’s stock.

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.