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

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a large growth in short interest in 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. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 393,632 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Zeo Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI boosted its position in shares of Zeo Energy by 47.8% in the first quarter. Citizens Financial Group Inc. RI now owns 541,175 shares of the company’s stock worth $311,000 after buying an additional 175,000 shares during the period. Geode Capital Management LLC raised its holdings in shares of Zeo Energy by 98.2% during the 2nd 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. PNC Financial Services Group Inc. purchased a new stake in shares of Zeo Energy during the 1st quarter valued at about $43,000. Texas Capital Bank Wealth Management Services Inc acquired a new position in Zeo Energy during the 4th quarter worth approximately $77,000. Finally, SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new position in Zeo Energy during the 3rd quarter worth approximately $50,000.

Analyst Upgrades and Downgrades

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

Zeo Energy Price Performance

Shares of NASDAQ:ZEO opened at $0.31 on Thursday. Zeo Energy has a 52 week low of $0.28 and a 52 week high of $2.06. The company has a 50-day moving average price of $0.58 and a 200 day moving average price of $0.77. The company has a market cap of $18.24 million, a P/E ratio of -0.95 and a beta of 0.68. The company has a quick ratio of 1.50, a current ratio of 1.56 and a debt-to-equity ratio of 0.08.

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

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.