Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Grows By 65.0%

Zeo Energy Corp. (NASDAQ:ZEO) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 250,033 shares, a growth of 65.0% from the January 15th total of 151,573 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 115,554 shares, the short-interest ratio is presently 2.2 days. Based on an average trading volume of 115,554 shares, the short-interest ratio is presently 2.2 days. Currently, 1.0% of the company’s stock are sold short.

Analyst Ratings Changes

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

Zeo Energy Stock Performance

Shares of ZEO opened at $0.98 on Friday. The stock has a 50-day moving average of $1.02 and a two-hundred day moving average of $1.42. The stock has a market cap of $56.38 million, a P/E ratio of -1.31 and a beta of -0.13. Zeo Energy has a one year low of $0.88 and a one year high of $3.68.

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

Insider Buying and Selling at Zeo Energy

In related news, insider Brandon Bridgewater sold 32,669 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $1.16, for a total value of $37,896.04. Following the transaction, the insider directly owned 2,876,747 shares of the company’s stock, valued at approximately $3,337,026.52. This represents a 1.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 79,890 shares of company stock worth $93,607 over the last ninety days. 56.17% of the stock is owned by company insiders.

Institutional Trading of Zeo Energy

Several institutional investors and hedge funds have recently bought and sold shares of ZEO. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Zeo Energy in the fourth quarter worth $77,000. Citizens Financial Group Inc. RI grew its position in Zeo Energy by 37.6% during the 4th quarter. Citizens Financial Group Inc. RI now owns 366,175 shares of the company’s stock worth $399,000 after purchasing an additional 100,000 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Zeo Energy during the 3rd quarter valued at about $26,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new position in shares of Zeo Energy in the 3rd quarter valued at about $50,000. Finally, Piper Sandler & CO. acquired a new position in shares of Zeo Energy in the 3rd quarter valued at about $915,000.

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. 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.