Factorial Energy (NASDAQ:FAC) Short Interest Update

Factorial Energy (NASDAQ:FAC) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 245,052 shares, a growth of 701.3% from the May 31st total of 30,580 shares. Based on an average daily volume of 930,643 shares, the short-interest ratio is presently 0.3 days. Currently, 0.8% of the company’s stock are sold short.

Analysts Set New Price Targets

FAC has been the subject of several research reports. Zacks Research upgraded Factorial Energy to a “hold” rating in a research note on Wednesday. Cantor Fitzgerald started coverage on Factorial Energy in a research note on Tuesday. They set an “overweight” rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Factorial Energy presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Factorial Energy Stock Performance

Factorial Energy stock opened at $10.99 on Friday. The firm has a market capitalization of $379.15 million and a price-to-earnings ratio of 45.79. Factorial Energy has a 1-year low of $9.26 and a 1-year high of $25.33.

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.