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

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Zeo Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Citizens Financial Group Inc. RI grew its stake in shares of Zeo Energy by 47.8% in the 1st 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 during the period. Geode Capital Management LLC increased its stake in Zeo Energy by 98.2% during the second quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock worth $504,000 after acquiring an additional 86,047 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in Zeo Energy in the first quarter valued at $43,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in Zeo Energy in the fourth quarter valued at $77,000. Finally, SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new position in shares of Zeo Energy in the 3rd quarter valued at $50,000.

Zeo Energy Trading Up 6.6%

ZEO opened at $0.31 on Thursday. The firm has a market capitalization of $18.24 million, a price-to-earnings ratio of -0.95 and a beta of 0.68. The company’s 50 day simple moving average is $0.58 and its two-hundred day simple moving average is $0.77. Zeo Energy has a 1-year low of $0.28 and a 1-year high of $2.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.50.

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