Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) Short Interest Up 83.3% in August

Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,300 shares, an increase of 83.3% from the August 15th total of 1,800 shares. Based on an average daily volume of 34,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Eos Energy Enterprises

A hedge fund recently raised its stake in Eos Energy Enterprises stock. Cowen AND Company LLC lifted its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) by 86.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 925,273 shares of the company’s stock after acquiring an additional 428,426 shares during the quarter. Cowen AND Company LLC’s holdings in Eos Energy Enterprises were worth $185,000 at the end of the most recent reporting period.

Eos Energy Enterprises Stock Performance

NASDAQ:EOSEW traded up $0.03 during trading hours on Friday, reaching $0.26. The company had a trading volume of 38,153 shares, compared to its average volume of 27,370. The stock has a 50-day moving average of $0.22 and a two-hundred day moving average of $0.17. Eos Energy Enterprises has a one year low of $0.07 and a one year high of $0.78.

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.