Freedom Acquisition I Corp. (NASDAQ:FACT) Short Interest Update

Freedom Acquisition I Corp. (NASDAQ:FACTGet Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 49,626 shares, a growth of 2,714.9% from the May 14th total of 1,763 shares. Based on an average trading volume of 337,977 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on Freedom Acquisition I in a research report on Wednesday, April 8th. They set a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on Freedom Acquisition I

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rangeley Capital LLC acquired a new position in Freedom Acquisition I in the first quarter valued at $163,000. Readystate Asset Management LP acquired a new position in Freedom Acquisition I in the third quarter valued at $258,000. Clear Street Group Inc. acquired a new position in Freedom Acquisition I in the third quarter valued at $455,000. Moore Capital Management LP acquired a new position in Freedom Acquisition I in the second quarter valued at $1,033,000. Finally, Sandia Investment Management LP acquired a new position in Freedom Acquisition I in the second quarter valued at $1,287,000. Institutional investors and hedge funds own 55.82% of the company’s stock.

Freedom Acquisition I Stock Down 0.2%

NASDAQ FACT opened at $10.64 on Thursday. Freedom Acquisition I has a 1-year low of $10.21 and a 1-year high of $10.75. The business has a 50 day moving average price of $10.59 and a 200 day moving average price of $10.50.

Freedom Acquisition I (NASDAQ:FACTGet Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported $0.04 earnings per share for the quarter.

Freedom Acquisition I Company Profile

(Get Free Report)

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.

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