Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) Sees Large Increase in Short Interest

Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 36,100 shares, a growth of 51.0% from the May 15th total of 23,900 shares. Based on an average trading volume of 16,700 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Trading of Eos Energy Enterprises

A hedge fund recently raised its stake in Eos Energy Enterprises stock. Cowen AND Company LLC grew its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) by 86.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 925,273 shares of the company’s stock after purchasing an additional 428,426 shares during the period. Cowen AND Company LLC’s holdings in Eos Energy Enterprises were worth $185,000 as of its most recent SEC filing.

Eos Energy Enterprises Stock Performance

NASDAQ EOSEW remained flat at $0.12 on Friday. The company’s stock had a trading volume of 11,987 shares, compared to its average volume of 21,542. The company’s fifty day moving average price is $0.11 and its 200 day moving average price is $0.16. Eos Energy Enterprises has a 12-month low of $0.07 and a 12-month high of $1.88.

About Eos Energy Enterprises

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.