Zeo Energy Corp. (NASDAQ:ZEO – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 347,681 shares, a growth of 52.4% from the August 31st total of 228,149 shares. Based on an average daily trading volume, of 3,637,457 shares, the short-interest ratio is presently 0.1 days. Approximately 0.9% of the shares of the company are short sold.
Institutional Trading of Zeo Energy
A hedge fund recently raised its position in Zeo Energy stock. Citizens Financial Group Inc. RI lifted its holdings in shares of Zeo Energy Corp. (NASDAQ:ZEO – Free Report) by 47.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 541,175 shares of the company’s stock after buying an additional 175,000 shares during the quarter. Citizens Financial Group Inc. RI owned about 0.93% of Zeo Energy worth $311,000 at the end of the most recent quarter.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeo Energy in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.
Zeo Energy Stock Down 8.4%
Shares of NASDAQ ZEO opened at $0.31 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.50. The stock has a market capitalization of $17.99 million, a PE ratio of -0.93 and a beta of 0.55. Zeo Energy has a one year low of $0.19 and a one year high of $2.06. The business’s fifty day moving average price is $0.40 and its 200-day moving average price is $0.63.
Zeo Energy (NASDAQ:ZEO – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.07) earnings per share for the quarter. Zeo Energy had a negative return on equity of 166.89% and a negative net margin of 15.43%.The firm had revenue of $16.17 million during the quarter.
Zeo Energy Company Profile
Zeo Energy Corp. (NASDAQ: ZEO) is a residential renewable-energy company that helps homeowners generate, store and manage electricity. Its primary business is the sale and installation of residential solar energy systems, along with related battery-storage solutions.
The company also provides system design, permitting, installation, monitoring and maintenance services. Its offerings may include roofing and other energy-efficiency solutions that support the deployment and performance of residential solar installations.
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