Factorial Energy (NASDAQ:FAC) Sees Large Decline in Short Interest

Factorial Energy (NASDAQ:FAC) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 194,522 shares, a decline of 47.9% from the July 15th total of 373,367 shares. Based on an average trading volume of 270,140 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

Factorial Energy Trading Down 4.8%

NASDAQ FAC traded down $0.25 on Monday, reaching $4.91. 368,666 shares of the stock were exchanged, compared to its average volume of 290,669. Factorial Energy has a one year low of $4.24 and a one year high of $25.33. The stock has a market cap of $525.47 million, a price-to-earnings ratio of -7.44 and a beta of 1.27.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FAC. Wall Street Zen cut Factorial Energy from a “sell” rating to a “strong sell” rating in a report on Sunday. Weiss Ratings assumed coverage on Factorial Energy in a research report on Wednesday, August 12th. They set a “sell (e-)” rating on the stock. Zacks Research raised Factorial Energy to a “hold” rating in a report on Wednesday, June 24th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 price target on shares of Factorial Energy in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Factorial Energy presently has a consensus rating of “Hold” and a consensus price target of $18.00.

Factorial Energy Company Profile

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.