Factorial Energy (NASDAQ:FAC) Short Interest Update

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

Factorial Energy Stock Performance

FAC stock opened at $5.58 on Friday. Factorial Energy has a twelve month low of $4.24 and a twelve month high of $25.33. The firm has a market capitalization of $597.17 million and a price-to-earnings ratio of 23.25.

Analysts Set New Price Targets

FAC has been the subject of several analyst reports. Cantor Fitzgerald initiated coverage on shares of Factorial Energy in a report on Tuesday, June 23rd. They issued an “overweight” rating and a $18.00 target price for the company. Zacks Research upgraded shares of Factorial Energy to a “hold” rating in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Factorial Energy presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

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.