Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Declines By 36.9%

Zeo Energy Corp. (NASDAQ:ZEO) saw a significant decrease in short interest in 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. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 77,784 shares, the short-interest ratio is presently 2.6 days.

Institutional Trading of Zeo Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. bought a new stake in Zeo Energy during the third quarter worth about $26,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new stake in Zeo Energy during the third quarter worth about $50,000. Texas Capital Bank Wealth Management Services Inc bought a new stake in Zeo Energy during the fourth quarter worth about $77,000. PNC Financial Services Group Inc. bought a new stake in Zeo Energy during the first quarter worth about $43,000. Finally, Geode Capital Management LLC raised 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 worth $504,000 after acquiring an additional 86,047 shares in the last quarter.

Zeo Energy Stock Down 4.8%

ZEO stock opened at $0.74 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.65 and a quick ratio of 1.58. The stock has a market capitalization of $42.93 million, a P/E ratio of -2.00 and a beta of 0.62. The business has a 50-day moving average of $0.82 and a 200-day moving average of $0.95. Zeo Energy has a fifty-two week low of $0.52 and a fifty-two week high of $3.68.

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

Zeo Energy Company Profile

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.