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

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of CSLM Acquisition in a research report on Friday, July 24th. Wall Street Zen upgraded shares of CSLM Acquisition from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CSLM Acquisition presently has an average rating of “Sell”.

CSLM Acquisition Trading Down 0.1%

Shares of SPWR stock opened at $0.31 on Friday. The company has a market capitalization of $64.08 million, a price-to-earnings ratio of -1.62 and a beta of 0.71. The firm has a 50-day moving average price of $0.30 and a 200 day moving average price of $0.72. CSLM Acquisition has a twelve month low of $0.20 and a twelve month high of $2.27.

Institutional Investors Weigh In On CSLM Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the business. Park West Asset Management LLC purchased a new position in CSLM Acquisition during the second quarter worth about $83,000. Yorkville Advisors Global LP acquired a new stake in CSLM Acquisition in the 2nd quarter worth about $378,537. BlackRock Inc. purchased a new stake in CSLM Acquisition in the 2nd quarter valued at about $862,000. Polar Asset Management Partners Inc. purchased a new stake in 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 during 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.