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

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 34,900 shares, a decline of 21.0% from the October 15th total of 44,200 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average trading volume of 986,600 shares, the days-to-cover ratio is presently 0.0 days.

Zeo Energy Trading Down 0.8 %

Shares of NASDAQ ZEO opened at $1.21 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.12. The firm has a fifty day simple moving average of $1.61 and a 200 day simple moving average of $2.95. Zeo Energy has a twelve month low of $1.05 and a twelve month high of $11.60.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Zeo Energy stock. K2 Principal Fund L.P. raised its holdings in Zeo Energy Corp. (NASDAQ:ZEO) by 21.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 481,448 shares of the company’s stock after purchasing an additional 86,155 shares during the period. K2 Principal Fund L.P. owned 1.17% of Zeo Energy worth $1,035,000 at the end of the most recent reporting period.

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.