Zeo Energy Corp. (NASDAQ:ZEO) Sees Large Decline in Short Interest

Zeo Energy Corp. (NASDAQ:ZEOGet Free Report) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 153,900 shares, a drop of 50.3% from the June 15th total of 309,751 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 54,132 shares, the days-to-cover ratio is presently 2.8 days.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on ZEO

Zeo Energy Stock Performance

Shares of NASDAQ ZEO opened at $0.62 on Thursday. The stock’s fifty day simple moving average is $0.77 and its 200 day simple moving average is $0.87. The stock has a market capitalization of $35.79 million, a price-to-earnings ratio of -1.67 and a beta of 0.66. 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 has a 52-week low of $0.52 and a 52-week high of $2.75.

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

Hedge Funds Weigh In On Zeo Energy

Several institutional investors and hedge funds have recently modified their holdings of ZEO. Citizens Financial Group Inc. RI grew its holdings in Zeo Energy by 47.8% during the first quarter. Citizens Financial Group Inc. RI now owns 541,175 shares of the company’s stock valued at $311,000 after purchasing an additional 175,000 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Zeo Energy by 98.2% in the second quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock worth $504,000 after purchasing an additional 86,047 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of Zeo Energy during the 1st quarter worth about $43,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Zeo Energy in the 4th quarter valued at approximately $77,000. Finally, SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new position in Zeo Energy in the 3rd quarter worth approximately $50,000.

Zeo Energy Company Profile

(Get Free Report)

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.

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