Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Up 65.0% in January

Zeo Energy Corp. (NASDAQ:ZEO) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 250,033 shares, an increase of 65.0% from the January 15th total of 151,573 shares. Based on an average daily volume of 115,554 shares, the short-interest ratio is presently 2.2 days. Currently, 1.0% of the shares of the stock are short sold. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 115,554 shares, the short-interest ratio is presently 2.2 days.

Zeo Energy Trading Down 3.0%

Shares of NASDAQ:ZEO opened at $0.98 on Friday. The stock’s fifty day simple moving average is $1.02 and its two-hundred day simple moving average is $1.41. The stock has a market cap of $56.38 million, a PE ratio of -1.31 and a beta of -0.13. Zeo Energy has a 1-year low of $0.88 and a 1-year high of $3.68.

Zeo Energy (NASDAQ:ZEO) last released its earnings results on Friday, November 14th. The company reported ($0.12) EPS for the quarter. The company had revenue of $23.90 million during the quarter.

Insider Transactions at Zeo Energy

In other news, insider Brandon Bridgewater sold 32,669 shares of Zeo Energy stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $1.16, for a total transaction of $37,896.04. Following the sale, the insider directly owned 2,876,747 shares of the company’s stock, valued at approximately $3,337,026.52. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 79,890 shares of company stock valued at $93,607. 56.17% of the stock is owned by corporate insiders.

Institutional Trading of Zeo Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new stake in Zeo Energy during the 3rd quarter valued at $26,000. Mission Wealth Management LP purchased a new position in shares of Zeo Energy in the third quarter valued at about $33,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Zeo Energy during the third quarter valued at about $42,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd purchased a new stake in shares of Zeo Energy during the third quarter worth about $50,000. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Zeo Energy during the fourth quarter worth about $77,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZEO. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeo Energy in a report on Monday, December 29th. Wall Street Zen upgraded shares of Zeo Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.