Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Down 36.9% in May

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 200,053 shares, a decrease of 36.9% from the May 14th total of 317,291 shares. Based on an average trading volume of 77,784 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.8% of the company’s stock are sold short.

Hedge Funds Weigh In On Zeo Energy

Several large investors have recently bought and sold shares of ZEO. CIBC Bancorp USA Inc. acquired a new position in Zeo Energy during the 3rd quarter valued at about $26,000. PNC Financial Services Group Inc. acquired a new position in Zeo Energy during the 1st quarter valued at about $43,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new position in shares of Zeo Energy in the 3rd quarter worth approximately $50,000. Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Zeo Energy in the 4th quarter worth approximately $77,000. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Zeo Energy by 47.8% in the 1st quarter. Citizens Financial Group Inc. RI now owns 541,175 shares of the company’s stock worth $311,000 after purchasing an additional 175,000 shares during the last quarter.

Zeo Energy Price Performance

ZEO stock opened at $0.74 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.65 and a debt-to-equity ratio of 0.02. Zeo Energy has a fifty-two week low of $0.52 and a fifty-two week high of $3.68. The firm’s 50-day simple moving average is $0.82 and its 200 day simple moving average is $0.94. The stock has a market cap of $42.93 million, a PE ratio of -2.00 and a beta of 0.62.

Zeo Energy (NASDAQ:ZEO) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $13.18 million for the quarter.

Analyst Ratings Changes

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