Zeo Energy Corp. (NASDAQ:ZEO) Shares Shorted: Short Interest Up 470.1% in September

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,982,125 shares, a growth of 470.1% from the September 15th total of 347,681 shares. Based on an average daily volume of 59,732,313 shares, the days-to-cover ratio is currently 0.0 days. Currently, 5.1% of the company’s shares are short sold.

Institutional Trading of Zeo Energy

An institutional investor recently bought a new position in Zeo Energy stock. PNC Financial Services Group Inc. purchased a new stake in Zeo Energy Corp. (NASDAQ:ZEO) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 75,000 shares of the company’s stock, valued at approximately $43,000. PNC Financial Services Group Inc. owned approximately 0.13% of Zeo Energy as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zeo Energy in a research note on Wednesday, September 9th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Zeo Energy presently has a consensus rating of “Sell”.

Zeo Energy Trading Down 4.2%

Shares of Zeo Energy stock traded down $0.01 during trading on Friday, reaching $0.26. 460,102 shares of the stock were exchanged, compared to its average volume of 33,304,112. The company has a quick ratio of 1.50, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average is $0.37 and its 200 day moving average is $0.60. The firm has a market cap of $15.52 million, a price-to-earnings ratio of -0.80 and a beta of 0.55. Zeo Energy has a 1 year low of $0.19 and a 1 year high of $2.06.

Zeo Energy (NASDAQ:ZEO) last posted its earnings results on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. Zeo Energy had a negative return on equity of 166.89% and a negative net margin of 15.43%. The business had revenue of $16.17 million during the quarter.

Zeo Energy Company Profile

Zeo Energy Corp. (NASDAQ:ZEO) is a residential clean-energy company that provides solar power systems and related energy products and services. Its offerings are designed to help homeowners generate, store and manage electricity while reducing reliance on traditional utility power.

The company’s services include the sale and installation of residential solar photovoltaic systems, battery energy-storage solutions and roofing products. Zeo Energy also provides energy-efficiency improvements and related support services, including system design, project development, installation and ongoing customer service.

Zeo Energy is headquartered in St.