Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Update

Zeo Energy Corp. (NASDAQ:ZEO) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 200,053 shares, a decline of 36.9% from the May 14th total of 317,291 shares. Based on an average daily volume of 77,784 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Trading of Zeo Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Bancorp USA Inc. acquired a new stake in Zeo Energy during the third quarter valued at approximately $26,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new position in shares of Zeo Energy in the 3rd quarter worth approximately $50,000. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Zeo Energy in the 4th quarter valued at approximately $77,000. PNC Financial Services Group Inc. acquired a new stake in shares of Zeo Energy during the 1st quarter valued at approximately $43,000. Finally, Geode Capital Management LLC raised its position in shares of Zeo Energy by 98.2% during the 2nd quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock valued at $504,000 after acquiring an additional 86,047 shares in the last quarter.

Zeo Energy Stock Performance

Zeo Energy stock opened at $0.78 on Monday. Zeo Energy has a 52 week low of $0.52 and a 52 week high of $3.68. The company has a current ratio of 1.65, a quick ratio of 1.58 and a debt-to-equity ratio of 0.02. The stock has a market cap of $45.10 million, a P/E ratio of -2.10 and a beta of 0.62. The stock has a 50 day moving average of $0.82 and a 200-day moving average of $0.95.

Zeo Energy (NASDAQ:ZEO) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $13.18 million for the quarter.

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.