CSLM Acquisition Corp. (NASDAQ:SPWR) Short Interest Update

CSLM Acquisition Corp. (NASDAQ:SPWR) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 7,868,668 shares, a decline of 34.6% from the June 15th total of 12,028,562 shares. Based on an average daily trading volume, of 4,209,831 shares, the days-to-cover ratio is currently 1.9 days. Currently, 9.4% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPWR. Weiss Ratings lowered CSLM Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of CSLM Acquisition from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.40.

CSLM Acquisition Trading Down 3.7%

Shares of CSLM Acquisition stock opened at $0.61 on Friday. The stock has a 50 day moving average of $0.84 and a 200 day moving average of $1.20. CSLM Acquisition has a 12 month low of $0.58 and a 12 month high of $2.27. The firm has a market cap of $88.76 million, a PE ratio of -1.29 and a beta of 0.65.

CSLM Acquisition (NASDAQ:SPWR) last released its quarterly earnings data on Tuesday, April 14th. The company reported ($0.14) earnings per share (EPS) for the quarter.

About CSLM Acquisition

Complete Solaria, Inc engages in the provision of solar services. It offers sales enablement, project management, partner coordination, and customer communication. The company is headquartered in San Ramon, CA and does business as SunPower Corporation.