Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Declines By 45.2%

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a significant 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. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 133,393 shares, the short-interest ratio is currently 1.3 days.

Zeo Energy Trading Down 13.1%

Shares of Zeo Energy stock opened at $0.60 on Friday. The stock’s fifty day moving average price is $0.99 and its 200-day moving average price is $1.20. The firm has a market cap of $34.32 million, a P/E ratio of -0.80 and a beta of -0.18. Zeo Energy has a 12 month low of $0.56 and a 12 month high of $3.68.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ZEO. Piper Sandler & CO. purchased a new stake in shares of Zeo Energy in the 3rd quarter worth approximately $915,000. Citizens Financial Group Inc. RI bought a new position in shares of Zeo Energy during the third quarter valued at approximately $359,000. Geode Capital Management LLC increased its holdings in Zeo Energy by 98.2% during the second quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock valued at $504,000 after buying an additional 86,047 shares during the period. Texas Capital Bank Wealth Management Services Inc bought a new position in Zeo Energy in the fourth quarter worth approximately $77,000. Finally, SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new position in Zeo Energy in the third quarter worth approximately $50,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat, the stock has an average 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.