Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Up 71.5% in March

Zeo Energy Corp. (NASDAQ:ZEO) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 296,480 shares, a growth of 71.5% from the March 15th total of 172,910 shares. Based on an average daily trading volume, of 121,791 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.2% of the shares of the company are short sold.

Zeo Energy Price Performance

NASDAQ:ZEO opened at $0.55 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.69 and a quick ratio of 2.59. The firm has a market cap of $31.77 million, a price-to-earnings ratio of -0.74 and a beta of 0.13. The company has a 50 day moving average price of $0.91 and a 200-day moving average price of $1.15. Zeo Energy has a 1-year low of $0.52 and a 1-year high of $3.68.

Zeo Energy (NASDAQ:ZEO) last posted its earnings results on Wednesday, April 1st. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $18.57 million for the quarter.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Zeo Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. CIBC Bancorp USA Inc. purchased a new position in shares of Zeo Energy in the 3rd quarter valued at about $26,000. Mission Wealth Management LP purchased a new position in shares of Zeo Energy in the 3rd quarter valued at about $33,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Zeo Energy in the 3rd quarter valued at about $42,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd purchased a new position in shares of Zeo Energy in the 3rd quarter valued at about $50,000. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Zeo Energy in the 4th quarter valued at about $77,000.

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.