CSLM Acquisition Corp. (NASDAQ:SPWR) Sees Large Growth in Short Interest

CSLM Acquisition Corp. (NASDAQ:SPWR) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 18,644,686 shares, an increase of 49.3% from the August 31st total of 12,488,224 shares. Based on an average daily volume of 34,022,549 shares, the short-interest ratio is presently 0.5 days. Currently, 15.6% of the shares of the company are sold short.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SPWR shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CSLM Acquisition in a report on Friday, July 24th. Wall Street Zen upgraded shares of CSLM Acquisition from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

CSLM Acquisition Trading Up 2.2%

NASDAQ SPWR opened at $0.31 on Thursday. The stock has a market capitalization of $64.12 million, a price-to-earnings ratio of -1.62 and a beta of 0.70. CSLM Acquisition has a twelve month low of $0.20 and a twelve month high of $2.27. The stock has a 50-day moving average of $0.31 and a 200 day moving average of $0.73.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SPWR. Carlyle Group Inc. purchased a new position in shares of CSLM Acquisition during the 2nd quarter valued at approximately $1,611,000. Polar Asset Management Partners Inc. acquired a new stake in shares of CSLM Acquisition in the second quarter valued at about $1,436,000. BlackRock Inc. purchased a new stake in shares of CSLM Acquisition during the second quarter worth about $862,000. Park West Asset Management LLC purchased a new stake in shares of CSLM Acquisition during the second quarter worth about $83,000. Finally, Yorkville Advisors Global LP acquired a new position in shares of CSLM Acquisition during the 2nd quarter worth about $378,537. 47.36% of the stock is owned by institutional investors and hedge funds.

CSLM Acquisition Company Profile

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.