Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Short Interest Up 5.4% in April

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 46,930,000 shares, an increase of 5.4% from the March 31st total of 44,510,000 shares. Based on an average daily trading volume, of 5,020,000 shares, the short-interest ratio is currently 9.3 days.

Eos Energy Enterprises Price Performance

Shares of NASDAQ:EOSE traded down $0.12 during trading on Wednesday, reaching $0.66. The stock had a trading volume of 10,333,300 shares, compared to its average volume of 5,278,596. Eos Energy Enterprises has a 52 week low of $0.64 and a 52 week high of $5.67. The business's 50-day moving average price is $0.94 and its 200 day moving average price is $1.11. The stock has a market capitalization of $132.74 million, a PE ratio of -0.30 and a beta of 2.23.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its earnings results on Monday, March 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.06. The firm had revenue of $6.61 million during the quarter. Analysts forecast that Eos Energy Enterprises will post -0.81 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EOSE. Electron Capital Partners LLC raised its stake in shares of Eos Energy Enterprises by 226.6% in the fourth quarter. Electron Capital Partners LLC now owns 6,958,125 shares of the company's stock valued at $7,584,000 after acquiring an additional 4,827,586 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Eos Energy Enterprises by 24.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,258,058 shares of the company's stock valued at $4,641,000 after purchasing an additional 843,918 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Eos Energy Enterprises by 503.7% in the third quarter. Stifel Financial Corp now owns 930,205 shares of the company's stock valued at $2,000,000 after purchasing an additional 776,110 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Eos Energy Enterprises by 23.6% in the third quarter. Invesco Ltd. now owns 3,128,582 shares of the company's stock valued at $6,726,000 after purchasing an additional 597,279 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in shares of Eos Energy Enterprises in the third quarter valued at approximately $1,109,000. Institutional investors own 54.87% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EOSE. Evercore ISI reduced their target price on shares of Eos Energy Enterprises from $12.00 to $7.00 and set an "outperform" rating for the company in a research note on Wednesday, March 6th. Guggenheim reduced their target price on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a "buy" rating for the company in a research note on Thursday, March 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Eos Energy Enterprises presently has an average rating of "Moderate Buy" and a consensus target price of $6.08.

About Eos Energy Enterprises

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.