Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Expands By 47.4%

Zeo Energy Corp. (NASDAQ:ZEO) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 59,400 shares, an increase of 47.4% from the January 15th total of 40,300 shares. Based on an average daily volume of 1,450,000 shares, the short-interest ratio is currently 0.0 days. Currently, 4.4% of the shares of the stock are sold short.

Institutional Trading of Zeo Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Townsquare Capital LLC purchased a new stake in Zeo Energy in the 3rd quarter worth about $85,000. Geode Capital Management LLC lifted its position in shares of Zeo Energy by 140.3% in the fourth quarter. Geode Capital Management LLC now owns 77,389 shares of the company’s stock worth $265,000 after purchasing an additional 45,190 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Zeo Energy during the fourth quarter worth approximately $42,000.

Zeo Energy Price Performance

ZEO stock opened at $2.16 on Friday. Zeo Energy has a 12 month low of $1.05 and a 12 month high of $11.60. The firm has a market cap of $106.40 million, a PE ratio of -1.55 and a beta of -0.85. The firm has a 50 day simple moving average of $2.55 and a 200 day simple moving average of $2.15.

Zeo Energy (NASDAQ:ZEO) last released its earnings results on Thursday, January 23rd. The company reported ($0.08) EPS for the quarter. Zeo Energy had a negative net margin of 2.05% and a negative return on equity of 3.32%.

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.