Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Up 74.2% in August

Zeo Energy Corp. (NASDAQ:ZEO) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totaling 141,100 shares, agrowthof74.2% from the July 31st total of 81,000 shares. Based on an average trading volume of 1,720,000 shares, the short-interest ratio is currently 0.1 days. Currently,0.9% of the company’s stock are short sold. Currently,0.9% of the company’s stock are short sold. Based on an average trading volume of 1,720,000 shares, the short-interest ratio is currently 0.1 days.

Zeo Energy Stock Performance

Shares of NASDAQ ZEO opened at $1.34 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $73.47 million, a P/E ratio of -1.89 and a beta of -0.15. Zeo Energy has a 12 month low of $1.05 and a 12 month high of $4.00. The stock has a 50 day moving average of $2.30 and a 200-day moving average of $2.09.

Zeo Energy (NASDAQ:ZEO) last announced its quarterly earnings results on Wednesday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $18.10 million during the quarter.

Insider Activity at Zeo Energy

In other Zeo Energy news, COO Kalen Larsen sold 32,412 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $1.75, for a total value of $56,721.00. Following the completion of the transaction, the chief operating officer directly owned 2,467,588 shares in the company, valued at $4,318,279. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brandon Bridgewater sold 32,412 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $1.75, for a total value of $56,721.00. Following the transaction, the insider directly owned 2,967,588 shares in the company, valued at $5,193,279. This trade represents a 1.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 176,726 shares of company stock valued at $294,173 over the last three months. Insiders own 56.17% of the company’s stock.

Institutional Trading of Zeo Energy

A hedge fund recently raised its stake in Zeo Energy stock. Geode Capital Management LLC raised its position in Zeo Energy Corp. (NASDAQ:ZEO) by 98.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,670 shares of the company’s stock after buying an additional 86,047 shares during the quarter. Geode Capital Management LLC owned 0.35% of Zeo Energy worth $504,000 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.