Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Drops By 45.2%

Zeo Energy Corp. (NASDAQ:ZEO) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 172,910 shares, a decline of 45.2% from the February 26th total of 315,464 shares. Based on an average trading volume of 133,393 shares, the short-interest ratio is presently 1.3 days. Currently, 0.7% of the company’s shares are short sold.

Hedge Funds Weigh In On Zeo Energy

Several hedge funds have recently bought and sold shares of ZEO. CIBC Bancorp USA Inc. bought a new stake in shares of Zeo Energy during the third quarter worth $26,000. Mission Wealth Management LP purchased a new stake in shares of Zeo Energy during the third quarter valued at $33,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Zeo Energy during the third quarter valued at $42,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new position in shares of Zeo Energy in the third quarter worth about $50,000. Finally, Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Zeo Energy in the fourth quarter worth about $77,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zeo Energy in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Zeo Energy Stock Performance

ZEO opened at $0.69 on Friday. The stock’s 50 day moving average price is $1.00 and its 200-day moving average price is $1.20. Zeo Energy has a one year low of $0.67 and a one year high of $3.68. The stock has a market cap of $39.49 million, a price-to-earnings ratio of -0.92 and a beta of -0.18.

Zeo Energy Company Profile

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. Its residential solar energy systems comprise solar panels, inverters, and racking systems. It also offers insulation services, such as adding insulation to a home's attic or walls; energy efficiency equipment, including hybrid electric water heaters and swimming pool pumps; battery-based energy storage systems; and roofing services.