Factorial Energy (NASDAQ:FAC) Short Interest Update

Factorial Energy (NASDAQ:FAC) saw a large growth in short interest in 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 trading volume of 930,643 shares, the short-interest ratio is currently 0.3 days. Approximately 0.8% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FAC shares. Zacks Research upgraded shares of Factorial Energy to a “hold” rating in a report on Wednesday. Cantor Fitzgerald initiated coverage on Factorial Energy in a report on Tuesday, June 23rd. They issued an “overweight” rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Factorial Energy Price Performance

FAC stock opened at $11.41 on Friday. The company has a market cap of $393.64 million and a P/E ratio of 47.54. Factorial Energy has a fifty-two week low of $9.26 and a fifty-two week high of $25.33.

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.