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

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

Factorial Energy Stock Performance

Shares of FAC traded up $0.01 during mid-day trading on Tuesday, reaching $4.92. 249,582 shares of the company’s stock traded hands, compared to its average volume of 290,317. Factorial Energy has a 12 month low of $4.24 and a 12 month high of $25.33. The stock has a market cap of $526.55 million, a price-to-earnings ratio of -7.45 and a beta of 1.25.

Factorial Energy (NASDAQ:FAC) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share (EPS) for the quarter. As a group, analysts predict that Factorial Energy will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FAC has been the subject of several analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $18.00 price objective on shares of Factorial Energy in a research note on Wednesday, August 12th. Weiss Ratings assumed coverage on Factorial Energy in a report on Wednesday, August 12th. They set a “sell (e-)” rating on the stock. Wall Street Zen downgraded Factorial Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday. Finally, Zacks Research upgraded shares of Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.