Factorial Energy (NASDAQ:FAC) Stock Short Interest Report for September

Factorial Energy (NASDAQ:FAC) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 1,332,469 shares, a growth of 120.6% from the September 15th total of 603,983 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average trading volume of 631,716 shares, the days-to-cover ratio is currently 2.1 days.

Analysts Set New Price Targets

FAC has been the topic of a number of analyst reports. Oppenheimer started coverage on Factorial Energy in a report on Tuesday, August 25th. They issued an “outperform” rating and a $8.00 price target on the stock. Wall Street Zen cut Factorial Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 16th. Zacks Research raised Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Weiss Ratings raised Factorial Energy from a “sell (e)” rating to a “sell (d)” rating in a research report on Friday, September 25th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $18.00 target price on shares of Factorial Energy in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.00.

Factorial Energy Stock Down 3.8%

FAC traded down $0.19 during trading on Wednesday, hitting $4.81. The stock had a trading volume of 89,982 shares, compared to its average volume of 305,342. The business’s 50 day simple moving average is $5.46. Factorial Energy has a twelve month low of $4.24 and a twelve month high of $25.33. The stock has a market cap of $514.77 million, a P/E ratio of -7.29 and a beta of 0.82.

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. On average, sell-side analysts anticipate that Factorial Energy will post -0.28 EPS for the current fiscal year.

About Factorial Energy

Factorial Energy is a battery technology company developing solid-state batteries for electric vehicles and other energy-storage applications. Its technology is designed to replace conventional liquid electrolytes with solid materials, with the goal of improving energy density, safety and charging performance.

The company’s product development efforts include its FEST (Factorial Electrolyte System Technology) platform, which is intended for use in lithium-metal solid-state battery cells.