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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Townsquare Capital LLC acquired a new stake in shares of Zeo Energy in the third quarter valued at about $85,000. Geode Capital Management LLC grew its holdings in 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 buying an additional 45,190 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Zeo Energy in the 4th quarter worth approximately $42,000.

Zeo Energy Price Performance

ZEO opened at $2.16 on Friday. The company has a market capitalization of $106.40 million, a PE ratio of -1.55 and a beta of -0.85. The business has a 50-day moving average of $2.55 and a 200-day moving average of $2.15. Zeo Energy has a fifty-two week low of $1.05 and a fifty-two week high of $11.60.

Zeo Energy (NASDAQ:ZEO) last posted its earnings results on Thursday, January 23rd. The company reported ($0.08) earnings per share 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.