Factorial Energy (NASDAQ:FAC – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 245,052 shares, a growth of 701.3% from the May 31st total of 30,580 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 930,643 shares, the short-interest ratio is currently 0.3 days.
Factorial Energy Stock Down 7.6%
NASDAQ FAC opened at $10.99 on Friday. Factorial Energy has a one year low of $9.26 and a one year high of $25.33. The company has a market cap of $379.15 million and a P/E ratio of 45.79.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Zacks Research raised shares of Factorial Energy to a “hold” rating in a research note on Wednesday. Cantor Fitzgerald initiated coverage on shares of Factorial Energy in a report on Tuesday. They issued an “overweight” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Factorial Energy presently has a consensus rating of “Moderate Buy” and a consensus target price 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.
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