Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Expands By 115.9%

Zeo Energy Corp. (NASDAQ:ZEO) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 24,400 shares, a growth of 115.9% from the September 15th total of 11,300 shares. Based on an average daily trading volume, of 976,600 shares, the short-interest ratio is currently 0.0 days. Currently, 1.0% of the shares of the stock are sold short.

Zeo Energy Price Performance

NASDAQ ZEO opened at $1.61 on Friday. The firm’s 50 day moving average price is $2.29 and its two-hundred day moving average price is $3.65. Zeo Energy has a twelve month low of $1.14 and a twelve month high of $12.34. The company has a current ratio of 2.17, a quick ratio of 2.12 and a debt-to-equity ratio of 0.05.

Zeo Energy (NASDAQ:ZEO) last issued its earnings results 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 raised its stake in Zeo Energy stock. K2 Principal Fund L.P. lifted its position in Zeo Energy Corp. (NASDAQ:ZEO) by 21.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 481,448 shares of the company’s stock after buying an additional 86,155 shares during the quarter. K2 Principal Fund L.P. owned about 1.17% of Zeo Energy worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission.

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.