Zeo Energy Corp. (NASDAQ:ZEO) Sees Significant Growth in Short Interest

Zeo Energy Corp. (NASDAQ:ZEO) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 323,173 shares, a growth of 245.8% from the July 30th total of 93,450 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 393,632 shares, the days-to-cover ratio is currently 0.8 days.

Zeo Energy Trading Down 11.7%

ZEO stock opened at $0.28 on Friday. Zeo Energy has a 1-year low of $0.28 and a 1-year high of $2.06. The company has a current ratio of 1.56, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $0.56 and its 200-day moving average is $0.76. The firm has a market cap of $16.25 million, a P/E ratio of -0.85 and a beta of 0.68.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Zeo Energy

Several large investors have recently made changes to their positions in ZEO. CIBC Bancorp USA Inc. acquired a new stake in shares of Zeo Energy during the 3rd quarter worth about $26,000. PNC Financial Services Group Inc. bought a new stake in shares of Zeo Energy during the first quarter worth $43,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new stake in shares of Zeo Energy during the third quarter worth $50,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Zeo Energy in the fourth quarter valued at $77,000. Finally, Citizens Financial Group Inc. RI increased its stake in shares of Zeo Energy by 47.8% in the first quarter. Citizens Financial Group Inc. RI now owns 541,175 shares of the company’s stock valued at $311,000 after buying an additional 175,000 shares in the last 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.