Short Interest in CSLM Acquisition Corp. (NASDAQ:SPWR) Drops By 16.5%

CSLM Acquisition Corp. (NASDAQ:SPWRGet Free Report) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 10,289,420 shares, a drop of 16.5% from the December 31st total of 12,321,284 shares. Based on an average daily volume of 1,012,473 shares, the short-interest ratio is currently 10.2 days. Approximately 17.3% of the shares of the stock are short sold. Approximately 17.3% of the shares of the stock are short sold. Based on an average daily volume of 1,012,473 shares, the short-interest ratio is currently 10.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of CSLM Acquisition in a research report on Friday, December 26th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.40.

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CSLM Acquisition Trading Down 5.7%

Shares of NASDAQ SPWR traded down $0.10 on Tuesday, reaching $1.59. 2,243,387 shares of the company traded hands, compared to its average volume of 1,518,268. The stock has a market capitalization of $170.58 million, a PE ratio of -3.37 and a beta of 0.81. CSLM Acquisition has a fifty-two week low of $1.19 and a fifty-two week high of $2.50. The company has a 50 day moving average of $1.68 and a 200 day moving average of $1.68.

CSLM Acquisition (NASDAQ:SPWRGet Free Report) last released its earnings results on Friday, December 19th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). The company had revenue of $70.01 million during the quarter, compared to analysts’ expectations of $68.00 million. CSLM Acquisition had a net margin of 5.11% and a negative return on equity of 16.64%.

CSLM Acquisition Company Profile

(Get Free Report)

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.

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