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

Zeo Energy Corp. (NASDAQ:ZEO) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 153,900 shares, a decrease of 50.3% from the June 15th total of 309,751 shares. Based on an average trading volume of 54,132 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.6% of the company’s stock are sold short.

Zeo Energy Stock Up 2.8%

Shares of Zeo Energy stock traded up $0.02 during trading on Wednesday, hitting $0.63. 3,669 shares of the stock were exchanged, compared to its average volume of 162,730. 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 firm’s 50-day moving average price is $0.78 and its 200 day moving average price is $0.88. The stock has a market cap of $36.55 million, a price-to-earnings ratio of -1.70 and a beta of 0.66. Zeo Energy has a 12-month low of $0.52 and a 12-month high of $2.75.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position 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 worth $504,000 after acquiring an additional 86,047 shares in the last quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd purchased a new position in Zeo Energy in the third quarter valued at approximately $50,000. CIBC Bancorp USA Inc. purchased a new position in Zeo Energy in the third quarter valued at approximately $26,000. Citizens Financial Group Inc. RI increased 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 during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new stake in Zeo Energy during the fourth quarter worth approximately $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.