Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Update

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 110,039 shares, a drop of 52.1% from the November 30th total of 229,898 shares. Based on an average trading volume of 129,420 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 129,420 shares, the short-interest ratio is currently 0.9 days.

Insider Buying and Selling at Zeo Energy

In related news, insider Brandon Bridgewater sold 32,669 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $1.16, for a total transaction of $37,896.04. Following the completion of the transaction, the insider owned 2,876,747 shares of the company’s stock, valued at approximately $3,337,026.52. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 79,890 shares of company stock valued at $93,607 in the last three months. 56.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zeo Energy

Hedge funds have recently made changes to their positions in the business. CIBC Bancorp USA Inc. bought a new position in shares of Zeo Energy during the 3rd quarter valued at $26,000. Mission Wealth Management LP bought a new stake in Zeo Energy in the third quarter worth $33,000. U.S. Capital Wealth Advisors LLC purchased a new stake in Zeo Energy during the third quarter valued at about $42,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new position in shares of Zeo Energy during the third quarter valued at about $50,000. Finally, Geode Capital Management LLC increased its holdings 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 buying an additional 86,047 shares during the period.

Zeo Energy Stock Down 4.5%

Shares of ZEO stock opened at $0.93 on Monday. The business has a 50-day moving average price of $1.38 and a two-hundred day moving average price of $1.83. Zeo Energy has a 12-month low of $0.92 and a 12-month high of $3.95. The firm has a market cap of $53.73 million, a P/E ratio of -1.25 and a beta of -0.15.

Zeo Energy (NASDAQ:ZEO) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $23.90 million during the quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ZEO shares. Wall Street Zen raised Zeo Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zeo Energy in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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. 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.