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

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 168,906 shares, a growth of 53.5% from the December 15th total of 110,039 shares. Based on an average trading volume of 148,382 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 148,382 shares, the short-interest ratio is presently 1.1 days.

Insider Activity at Zeo Energy

In related news, insider Brandon Bridgewater sold 32,669 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $1.16, for a total value of $37,896.04. Following the transaction, the insider owned 2,876,747 shares of the company’s stock, valued at approximately $3,337,026.52. This trade represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 79,890 shares of company stock worth $93,607 in the last ninety days. Insiders own 56.17% of the company’s stock.

Institutional Trading of Zeo Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. U.S. Capital Wealth Advisors LLC purchased a new stake in Zeo Energy during the 3rd quarter valued at approximately $42,000. Citizens Financial Group Inc. RI bought a new position in shares of Zeo Energy during the third quarter worth $359,000. Mission Wealth Management LP purchased a new position in Zeo Energy during the third quarter valued at $33,000. Piper Sandler & CO. bought a new stake in Zeo Energy in the 3rd quarter valued at $915,000. Finally, CIBC Bancorp USA Inc. bought a new stake in Zeo Energy in the 3rd quarter valued at $26,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen raised Zeo Energy from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Zeo Energy in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zeo Energy presently has a consensus rating of “Sell”.

Zeo Energy Stock Performance

Shares of NASDAQ:ZEO opened at $1.04 on Friday. The firm has a market capitalization of $59.83 million, a P/E ratio of -1.39 and a beta of -0.13. The stock has a 50 day moving average price of $1.18 and a 200-day moving average price of $1.64. Zeo Energy has a 52-week low of $0.90 and a 52-week high of $3.88.

Zeo Energy (NASDAQ:ZEO) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $23.90 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.