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Zeo Energy Corp. (NASDAQ:ZEO) Sees Large Drop in Short Interest

Zeo Energy logo with Energy background

Zeo Energy Corp. (NASDAQ:ZEO - Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 30,600 shares, a decline of 20.3% from the March 31st total of 38,400 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 392,100 shares, the short-interest ratio is currently 0.1 days.

Zeo Energy Stock Performance

Zeo Energy stock traded down $0.09 during mid-day trading on Tuesday, reaching $1.62. 12,770 shares of the company were exchanged, compared to its average volume of 731,417. The firm's 50-day simple moving average is $1.63 and its two-hundred day simple moving average is $1.91. Zeo Energy has a twelve month low of $1.05 and a twelve month high of $5.25. The firm has a market cap of $79.80 million, a PE ratio of -1.17 and a beta of -0.58.

Institutional Investors Weigh In On Zeo Energy

A hedge fund recently bought a new stake in Zeo Energy stock. XTX Topco Ltd acquired a new position in Zeo Energy Corp. (NASDAQ:ZEO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,126 shares of the company's stock, valued at approximately $42,000.

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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