Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Drops By 45.2%

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 172,910 shares, a decrease of 45.2% from the February 26th total of 315,464 shares. Based on an average trading volume of 133,393 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On Zeo Energy

Large investors have recently added to or reduced their stakes in the stock. Piper Sandler & CO. bought a new stake in shares of Zeo Energy in the 3rd quarter valued at approximately $915,000. Citizens Financial Group Inc. RI bought a new position in shares of Zeo Energy during the 3rd quarter valued at approximately $359,000. Geode Capital Management LLC increased its position in shares of Zeo Energy by 98.2% during the 2nd quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock valued at $504,000 after purchasing an additional 86,047 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new stake in Zeo Energy during the 4th quarter valued at $77,000. Finally, SHANDA ASSET MANAGEMENT HOLDINGS Ltd purchased a new stake in Zeo Energy during the 3rd quarter valued at $50,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeo Energy in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Zeo Energy presently has a consensus rating of “Sell”.

Zeo Energy Stock Down 5.6%

Zeo Energy stock opened at $0.69 on Friday. The company’s 50-day moving average price is $1.00 and its 200-day moving average price is $1.20. Zeo Energy has a twelve month low of $0.67 and a twelve month high of $3.68. The company has a market cap of $39.49 million, a PE ratio of -0.92 and a beta of -0.18.

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.