Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Update

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 153,900 shares, a drop of 50.3% from the June 15th total of 309,751 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 54,132 shares, the days-to-cover ratio is currently 2.8 days.

Hedge Funds Weigh In On Zeo Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Bancorp USA Inc. purchased a new stake in Zeo Energy during the third quarter worth about $26,000. PNC Financial Services Group Inc. acquired a new position in shares of Zeo Energy in the first quarter valued at approximately $43,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new position in shares of Zeo Energy in the third quarter valued at approximately $50,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in Zeo Energy during the 4th quarter worth approximately $77,000. Finally, Citizens Financial Group Inc. RI increased its stake in Zeo Energy by 47.8% during the 1st quarter. Citizens Financial Group Inc. RI now owns 541,175 shares of the company’s stock worth $311,000 after buying an additional 175,000 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zeo Energy in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Zeo Energy Trading Up 2.8%

Zeo Energy stock traded up $0.02 during trading on Wednesday, hitting $0.63. The company had a trading volume of 3,669 shares, compared to its average volume of 162,730. The stock has a market cap of $36.55 million, a price-to-earnings ratio of -1.70 and a beta of 0.66. The company has a current ratio of 1.65, a quick ratio of 1.58 and a debt-to-equity ratio of 0.02. Zeo Energy has a 1-year low of $0.52 and a 1-year high of $2.75. The company’s 50 day simple moving average is $0.78 and its 200-day simple moving average is $0.88.

Zeo Energy (NASDAQ:ZEO) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $13.18 million during the 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. 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.