Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Down 50.3% in June

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 153,900 shares, a decline of 50.3% from the June 15th total of 309,751 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 54,132 shares, the short-interest ratio is presently 2.8 days.

Hedge Funds Weigh In On Zeo Energy

Several large investors have recently bought and sold shares of the stock. Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Zeo Energy during the fourth quarter worth about $77,000. PNC Financial Services Group Inc. purchased a new stake in shares of Zeo Energy in the 1st quarter valued at about $43,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Zeo Energy in the 3rd quarter valued at about $26,000. Geode Capital Management LLC boosted its position in shares of Zeo Energy by 98.2% in 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 period. Finally, SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new stake in shares of Zeo Energy in the 3rd quarter valued at about $50,000.

Zeo Energy Price Performance

ZEO stock opened at $0.58 on Friday. The business has a 50 day moving average price of $0.77 and a 200 day moving average price of $0.87. The stock has a market cap of $33.65 million, a price-to-earnings ratio of -1.57 and a beta of 0.66. Zeo Energy has a fifty-two week low of $0.52 and a fifty-two week high of $2.75. The company has a quick ratio of 1.58, a current ratio of 1.65 and a debt-to-equity ratio of 0.02.

Zeo Energy (NASDAQ:ZEO) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $13.18 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zeo Energy in a report on Friday, June 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

About Zeo Energy

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.