Zeo Energy Corp. (NASDAQ:ZEO - Get Free Report) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 113,100 shares, a decline of 16.0% from the April 30th total of 134,700 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 375,900 shares, the days-to-cover ratio is presently 0.3 days.
Zeo Energy Stock Up 2.5%
Shares of NASDAQ:ZEO traded up $0.07 during midday trading on Wednesday, reaching $2.91. 312,580 shares of the company traded hands, compared to its average volume of 1,161,462. Zeo Energy has a 12 month low of $1.05 and a 12 month high of $4.75. The firm's fifty day moving average price is $1.68 and its two-hundred day moving average price is $1.98. The firm has a market capitalization of $143.35 million, a price-to-earnings ratio of -2.09 and a beta of -0.58.
Zeo Energy (NASDAQ:ZEO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The company reported ($0.04) earnings per share (EPS) for the quarter. Zeo Energy had a negative return on equity of 3.32% and a negative net margin of 2.05%. The firm had revenue of $18.65 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Zeo Energy stock. Geode Capital Management LLC grew its stake in shares of Zeo Energy Corp. (NASDAQ:ZEO - Free Report) by 140.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,389 shares of the company's stock after buying an additional 45,190 shares during the quarter. Geode Capital Management LLC owned 0.16% of Zeo Energy worth $265,000 at the end of the most recent quarter.
About Zeo Energy
(
Get Free Report)
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.
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