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

Zeo Energy Corp. (NASDAQ:ZEO) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 323,173 shares, a growth of 245.8% from the July 30th total of 93,450 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 393,632 shares, the days-to-cover ratio is currently 0.8 days.

Zeo Energy Trading Up 2.5%

NASDAQ ZEO opened at $0.33 on Friday. The firm’s 50 day moving average price is $0.57 and its two-hundred day moving average price is $0.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.56. Zeo Energy has a twelve month low of $0.28 and a twelve month high of $2.06. The stock has a market cap of $18.86 million, a price-to-earnings ratio of -0.98 and a beta of 0.68.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeo Energy in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ZEO. Geode Capital Management LLC lifted its position in Zeo Energy by 98.2% in the 2nd quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock worth $504,000 after buying an additional 86,047 shares in the last quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd purchased a new stake in shares of Zeo Energy during the third quarter worth $50,000. CIBC Bancorp USA Inc. acquired a new stake in Zeo Energy during the third quarter valued at $26,000. Citizens Financial Group Inc. RI grew its stake in Zeo Energy by 37.6% in the fourth quarter. Citizens Financial Group Inc. RI now owns 366,175 shares of the company’s stock valued at $399,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new position in Zeo Energy in the fourth quarter valued at about $77,000.

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.