Zeo Energy Corp. (NASDAQ:ZEO) Sees Significant Growth in Short Interest

Zeo Energy Corp. (NASDAQ:ZEO) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 44,200 shares, a growth of 81.1% from the September 30th total of 24,400 shares. Based on an average trading volume of 978,800 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.8% of the shares of the company are short sold.

Hedge Funds Weigh In On Zeo Energy

A hedge fund recently raised its stake in Zeo Energy stock. K2 Principal Fund L.P. increased its stake in Zeo Energy Corp. (NASDAQ:ZEO) by 21.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 481,448 shares of the company’s stock after acquiring an additional 86,155 shares during the quarter. K2 Principal Fund L.P. owned approximately 1.17% of Zeo Energy worth $1,035,000 at the end of the most recent quarter.

Zeo Energy Stock Performance

ZEO stock opened at $1.31 on Monday. The company has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $3.31. The company has a quick ratio of 2.12, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. Zeo Energy has a fifty-two week low of $1.14 and a fifty-two week high of $12.34.

Zeo Energy (NASDAQ:ZEO) last issued its quarterly earnings results on Monday, August 19th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $14.71 million for the quarter.

Zeo Energy Company Profile

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.