CSLM Acquisition Corp. (NASDAQ:SPWR) Short Interest Down 34.6% in June

CSLM Acquisition Corp. (NASDAQ:SPWR) saw 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. Currently, 9.4% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

CSLM Acquisition Stock Performance

NASDAQ:SPWR opened at $0.60 on Friday. CSLM Acquisition has a one year low of $0.58 and a one year high of $2.27. The business’s 50-day simple moving average is $0.83 and its 200 day simple moving average is $1.20. The stock has a market cap of $88.19 million, a price-to-earnings ratio of -1.28 and a beta of 0.65.

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.