Short Interest in Factorial Energy (NASDAQ:FAC) Increases By 377.7%

Factorial Energy (NASDAQ:FAC) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 877,824 shares, an increase of 377.7% from the August 15th total of 183,773 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 313,321 shares, the days-to-cover ratio is presently 2.8 days.

Factorial Energy Trading Up 1.0%

NASDAQ FAC traded up $0.05 during trading hours on Friday, hitting $5.31. The company had a trading volume of 194,690 shares, compared to its average volume of 295,824. The firm has a 50 day moving average of $5.77. The stock has a market cap of $568.28 million, a P/E ratio of -8.05 and a beta of 1.20. Factorial Energy has a 1-year low of $4.24 and a 1-year high of $25.33.

Factorial Energy (NASDAQ:FAC) last posted its earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. On average, sell-side analysts predict that Factorial Energy will post -0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Oppenheimer began coverage on shares of Factorial Energy in a research report on Tuesday, August 25th. They issued an “outperform” rating and a $8.00 price objective on the stock. Zacks Research raised Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Wall Street Zen downgraded Factorial Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, August 16th. Weiss Ratings raised Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, September 1st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $18.00 price target on shares of Factorial Energy in a report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Factorial Energy presently has an average rating of “Hold” and an average target price of $13.00.

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.