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

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

CSLM Acquisition Stock Performance

SPWR opened at $0.61 on Friday. The company’s 50-day simple moving average is $0.84 and its two-hundred day simple moving average is $1.20. The stock has a market capitalization of $88.76 million, a P/E ratio of -1.29 and a beta of 0.65. CSLM Acquisition has a 52-week low of $0.58 and a 52-week high of $2.27.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SPWR shares. Weiss Ratings cut shares of CSLM Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Wall Street Zen cut 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.40.

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.