Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Declines By 21.0%

Zeo Energy Corp. (NASDAQ:ZEO) saw a significant decline in short interest in 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 stock are short sold. Based on an average daily volume of 986,600 shares, the days-to-cover ratio is currently 0.0 days.

Zeo Energy Trading Up 0.8 %

Shares of NASDAQ ZEO opened at $1.22 on Friday. 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 1-year low of $1.05 and a 1-year high of $11.60. The business has a 50-day moving average of $1.63 and a 200-day moving average of $2.98.

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

Institutional Investors Weigh In On Zeo Energy

A hedge fund recently bought a new stake in Zeo Energy stock. Townsquare Capital LLC acquired a new stake in Zeo Energy Corp. (NASDAQ:ZEO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,378 shares of the company’s stock, valued at approximately $85,000. Townsquare Capital LLC owned about 0.12% of Zeo Energy at the end of the most recent reporting period.

About Zeo Energy

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.