CSLM Acquisition Corp. (NASDAQ:SPWR) Short Interest Down 34.6% in June

CSLM Acquisition Corp. (NASDAQ:SPWR) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 7,868,668 shares, a decline of 34.6% from the June 15th total of 12,028,562 shares. Approximately 9.4% of the shares of the stock are sold short. Based on an average trading volume of 4,209,831 shares, the days-to-cover ratio is currently 1.9 days.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of CSLM Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Wall Street Zen cut shares of CSLM Acquisition from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.40.

CSLM Acquisition Stock Performance

Shares of SPWR opened at $0.60 on Friday. CSLM Acquisition has a 1 year low of $0.58 and a 1 year high of $2.27. The stock has a 50-day simple moving average of $0.83 and a 200-day simple moving average of $1.20. The stock has a market capitalization of $88.19 million, a PE ratio of -1.28 and a beta of 0.65.

CSLM Acquisition (NASDAQ:SPWR) last announced its quarterly earnings data on Tuesday, April 14th. The company reported ($0.14) earnings per share for the quarter.

About CSLM Acquisition

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.