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

Zeo Energy Corp. (NASDAQ:ZEO) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 113,100 shares, a decrease of 16.0% from the April 30th total of 134,700 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 375,900 shares, the short-interest ratio is presently 0.3 days.

Zeo Energy Stock Performance

Shares of NASDAQ ZEO opened at $2.84 on Wednesday. The business has a 50 day simple moving average of $1.68 and a 200 day simple moving average of $1.98. Zeo Energy has a 52 week low of $1.05 and a 52 week high of $4.75. The stock has a market cap of $139.90 million, a price-to-earnings ratio of -2.04 and a beta of -0.58.

Zeo Energy (NASDAQ:ZEO) last issued its quarterly earnings data on Tuesday, May 27th. The company reported ($0.04) earnings per share for the quarter. Zeo Energy had a negative return on equity of 3.32% and a negative net margin of 2.05%. The firm had revenue of $18.65 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Zeo Energy stock. Geode Capital Management LLC grew its stake in shares of Zeo Energy Corp. (NASDAQ:ZEO) by 140.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,389 shares of the company’s stock after purchasing an additional 45,190 shares during the quarter. Geode Capital Management LLC owned about 0.16% of Zeo Energy worth $265,000 at the end of the most recent 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.