Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Drops By 19.7%

Zeo Energy Corp. (NASDAQ:ZEO) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 47,700 shares, a decrease of 19.7% from the January 31st total of 59,400 shares. Currently, 3.4% of the shares of the stock are short sold. Based on an average daily volume of 1,450,000 shares, the short-interest ratio is currently 0.0 days.

Zeo Energy Stock Down 4.9 %

ZEO opened at $1.76 on Thursday. The firm has a 50-day simple moving average of $2.51 and a two-hundred day simple moving average of $2.01. Zeo Energy has a 52 week low of $1.05 and a 52 week high of $8.90. The company has a market capitalization of $86.70 million, a PE ratio of -1.27 and a beta of -0.85.

Zeo Energy (NASDAQ:ZEO) last announced its quarterly 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%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new position in shares of Zeo Energy in the 4th quarter valued at about $42,000. Townsquare Capital LLC bought a new position in shares of Zeo Energy in the 3rd quarter valued at about $85,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Zeo Energy by 140.3% in the 4th quarter. Geode Capital Management LLC now owns 77,389 shares of the company’s stock valued at $265,000 after acquiring an additional 45,190 shares during the last 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.