Factorial Energy (NASDAQ:FAC) Short Interest Up 701.3% in June

Factorial Energy (NASDAQ:FAC) 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. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 930,643 shares, the short-interest ratio is currently 0.3 days.

Factorial Energy Price Performance

FAC stock traded up $0.42 during mid-day trading on Friday, hitting $11.41. 119,429 shares of the company were exchanged, compared to its average volume of 616,408. The firm has a market cap of $393.64 million and a P/E ratio of 47.54. Factorial Energy has a twelve month low of $9.26 and a twelve month high of $25.33.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of Factorial Energy in a report on Tuesday. They issued an “overweight” rating and a $18.00 price target on the stock. Zacks Research raised Factorial Energy to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.