Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Drops By 16.0%

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 113,100 shares, a decline of 16.0% from the April 30th total of 134,700 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 375,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Zeo Energy

A hedge fund recently bought a new stake in Zeo Energy stock. XTX Topco Ltd purchased a new stake in Zeo Energy Corp. (NASDAQ:ZEO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,126 shares of the company’s stock, valued at approximately $42,000.

Zeo Energy Stock Performance

Shares of ZEO stock opened at $2.43 on Tuesday. The stock’s fifty day moving average is $1.66 and its 200-day moving average is $1.97. The stock has a market capitalization of $119.71 million, a PE ratio of -1.75 and a beta of -0.58. Zeo Energy has a 52 week low of $1.05 and a 52 week high of $4.75.

Zeo Energy (NASDAQ:ZEO) last announced its earnings results on Tuesday, May 27th. The company reported ($0.04) EPS for the quarter. The business had revenue of $18.65 million for the quarter. Zeo Energy had a negative return on equity of 3.32% and a negative net margin of 2.05%.

About Zeo Energy

Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes.