Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Increases By 527.6%

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 163,800 shares, an increase of 527.6% from the November 30th total of 26,100 shares. Currently, 12.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 880,200 shares, the days-to-cover ratio is currently 0.2 days.

Zeo Energy Price Performance

Shares of NASDAQ:ZEO opened at $2.50 on Thursday. The stock’s fifty day simple moving average is $1.56 and its 200-day simple moving average is $2.34. Zeo Energy has a 52-week low of $1.05 and a 52-week high of $11.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.12 and a current ratio of 2.17.

Institutional Investors Weigh In On Zeo Energy

An institutional investor recently bought a new position in Zeo Energy stock. Townsquare Capital LLC purchased a new position in Zeo Energy Corp. (NASDAQ:ZEO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 50,378 shares of the company’s stock, valued at approximately $85,000. Townsquare Capital LLC owned about 0.12% of Zeo Energy at the end of the most recent 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.