Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Down 45.2% in March

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

Wall Street Analysts Forecast Growth

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

Zeo Energy Stock Down 13.1%

Shares of NASDAQ:ZEO opened at $0.60 on Friday. Zeo Energy has a 52 week low of $0.56 and a 52 week high of $3.68. The company has a 50-day moving average price of $0.99 and a 200 day moving average price of $1.20. The company has a market cap of $34.32 million, a P/E ratio of -0.80 and a beta of -0.18.

Institutional Trading of Zeo Energy

Several hedge funds have recently modified their holdings of ZEO. Piper Sandler & CO. acquired a new position in Zeo Energy during the third quarter worth $915,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Zeo Energy during the 3rd quarter worth $359,000. Geode Capital Management LLC increased its holdings in shares of Zeo Energy by 98.2% in the 2nd quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock valued at $504,000 after purchasing an additional 86,047 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Zeo Energy in the fourth quarter valued at about $77,000. Finally, SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new position in Zeo Energy during the third quarter worth about $50,000.

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. 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.