Short Interest in Factorial Energy (NASDAQ:FAC) Rises By 76.4%

Factorial Energy (NASDAQ:FAC) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 432,274 shares, an increase of 76.4% from the June 15th total of 245,052 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 243,686 shares, the days-to-cover ratio is presently 1.8 days.

Analyst Upgrades and Downgrades

FAC has been the topic of a number of analyst reports. Cantor Fitzgerald assumed coverage on Factorial Energy in a research note on Tuesday, June 23rd. They set an “overweight” rating and a $18.00 price objective on the stock. Zacks Research upgraded Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Factorial Energy Price Performance

Shares of NASDAQ:FAC opened at $5.67 on Friday. The company has a market cap of $606.80 million and a P/E ratio of 23.63. Factorial Energy has a 12 month low of $4.24 and a 12 month 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.