Zeo Energy Corp. (NASDAQ:ZEO) Sees Large Increase in Short Interest

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 347,681 shares, an increase of 52.4% from the August 31st total of 228,149 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 3,637,457 shares, the short-interest ratio is presently 0.1 days.

Zeo Energy Price Performance

ZEO stock opened at $0.33 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.56. The company’s fifty day moving average price is $0.40 and its 200-day moving average price is $0.63. Zeo Energy has a one year low of $0.19 and a one year high of $2.06. The company has a market capitalization of $19.64 million, a PE ratio of -1.01 and a beta of 0.61.

Zeo Energy (NASDAQ:ZEO) last posted its earnings results on Friday, August 14th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $16.17 million for the quarter. Zeo Energy had a negative net margin of 15.43% and a negative return on equity of 166.89%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Zeo Energy stock. Citizens Financial Group Inc. RI increased its position in Zeo Energy Corp. (NASDAQ:ZEO) by 47.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 541,175 shares of the company’s stock after buying an additional 175,000 shares during the period. Citizens Financial Group Inc. RI owned 0.93% of Zeo Energy worth $311,000 at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zeo Energy in a research note on Wednesday, September 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zeo Energy has an average rating of “Sell”.

Zeo Energy Company Profile

Zeo Energy Corp. (NASDAQ: ZEO) is a residential renewable-energy company that helps homeowners generate, store and manage electricity. Its primary business is the sale and installation of residential solar energy systems, along with related battery-storage solutions.

The company also provides system design, permitting, installation, monitoring and maintenance services. Its offerings may include roofing and other energy-efficiency solutions that support the deployment and performance of residential solar installations.