Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Expands By 65.0%

Zeo Energy Corp. (NASDAQ:ZEO) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 250,033 shares, a growth of 65.0% from the January 15th total of 151,573 shares. Based on an average daily volume of 115,554 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.0% of the shares of the stock are sold short. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 115,554 shares, the days-to-cover ratio is currently 2.2 days.

Insider Buying and Selling at Zeo Energy

In related news, insider Brandon Bridgewater sold 32,669 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $1.16, for a total value of $37,896.04. Following the sale, the insider directly owned 2,876,747 shares of the company’s stock, valued at $3,337,026.52. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 79,890 shares of company stock valued at $93,607 in the last quarter. 56.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zeo Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Zeo Energy during the fourth quarter valued at approximately $77,000. Citizens Financial Group Inc. RI increased its stake in shares of Zeo Energy by 37.6% in the fourth quarter. Citizens Financial Group Inc. RI now owns 366,175 shares of the company’s stock worth $399,000 after buying an additional 100,000 shares during the period. CIBC Bancorp USA Inc. bought a new stake in Zeo Energy during the 3rd quarter valued at $26,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new stake in Zeo Energy during the 3rd quarter valued at $50,000. Finally, Piper Sandler & CO. purchased a new stake in Zeo Energy during the 3rd quarter valued at $915,000.

Analysts Set New Price Targets

ZEO has been the topic of several research reports. Wall Street Zen upgraded shares of Zeo Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Zeo Energy in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zeo Energy presently has an average rating of “Sell”.

Zeo Energy Stock Performance

Shares of ZEO opened at $0.98 on Monday. Zeo Energy has a fifty-two week low of $0.88 and a fifty-two week high of $3.68. The firm has a market cap of $56.38 million, a price-to-earnings ratio of -1.31 and a beta of -0.13. The firm has a 50 day moving average price of $1.02 and a 200-day moving average price of $1.40.

Zeo Energy (NASDAQ:ZEO) last issued its earnings results on Friday, November 14th. The company reported ($0.12) EPS for the quarter. The company had revenue of $23.90 million for 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.