Factorial Energy (NASDAQ:FAC) Short Interest Update

Factorial Energy (NASDAQ:FAC) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 877,824 shares, a growth of 377.7% from the August 15th total of 183,773 shares. Based on an average daily volume of 313,321 shares, the short-interest ratio is presently 2.8 days. Currently, 0.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

FAC has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $18.00 price objective on shares of Factorial Energy in a report on Wednesday, August 12th. Weiss Ratings raised Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, September 1st. Zacks Research upgraded Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Wall Street Zen lowered Factorial Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 16th. Finally, Oppenheimer assumed coverage on Factorial Energy in a research report on Tuesday, August 25th. They issued an “outperform” rating and a $8.00 price target on the stock. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.00.

Factorial Energy Trading Up 0.4%

Shares of Factorial Energy stock traded up $0.02 during mid-day trading on Friday, reaching $5.28. 79,521 shares of the stock were exchanged, compared to its average volume of 291,129. The company has a market capitalization of $565.39 million, a P/E ratio of -7.98 and a beta of 1.20. The company has a 50-day simple moving average of $5.86. Factorial Energy has a fifty-two week low of $4.24 and a fifty-two week high of $25.33.

Factorial Energy (NASDAQ:FAC) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.85) EPS for the quarter. On average, equities research analysts expect that Factorial Energy will post -0.28 EPS for the current fiscal year.

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.