Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Down 34.7% in September

Key Points

• Zeo Energy Corp. experienced a significant decrease in short interest, with a drop of 34.7% in September, bringing the total short interest to 138,100 shares.
• The company's stock opened at $1.82 and has a market capitalization of $99.79 million, with a 52-week price range between $0.95 and $3.95.
• Insider transactions included 32,412 shares sold by COO Kalen Larsen and another insider, with both executives seeing a 1.3% decrease in their respective ownership stakes.

Zeo Energy Corp. (NASDAQ:ZEO - Get Free Report) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 138,100 shares, a decrease of 34.7% from the September 15th total of 211,500 shares. Based on an average daily trading volume, of 214,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.7% of the company's shares are sold short. Currently, 1.7% of the company's shares are sold short. Based on an average daily trading volume, of 214,000 shares, the days-to-cover ratio is presently 0.6 days.

Zeo Energy Stock Performance

ZEO stock opened at $1.82 on Wednesday. The company's 50 day moving average price is $1.53 and its 200 day moving average price is $2.00. Zeo Energy has a fifty-two week low of $0.95 and a fifty-two week high of $3.95. The firm has a market capitalization of $99.79 million, a price-to-earnings ratio of -2.56 and a beta of -0.20.

Zeo Energy (NASDAQ:ZEO - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $18.10 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Zeo Energy in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zeo Energy presently has a consensus rating of "Sell".

Insider Transactions at Zeo Energy

In other news, insider Brandon Bridgewater sold 32,412 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $1.75, for a total transaction of $56,721.00. Following the sale, the insider owned 2,967,588 shares of the company's stock, valued at approximately $5,193,279. This represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kalen Larsen sold 32,412 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $1.75, for a total transaction of $56,721.00. Following the sale, the chief operating officer directly owned 2,467,588 shares in the company, valued at $4,318,279. This represents a 1.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 176,726 shares of company stock worth $294,173 in the last ninety days. 56.17% of the stock is currently owned by corporate insiders.

Institutional Trading of Zeo Energy

A hedge fund recently bought a new stake in Zeo Energy stock. U.S. Capital Wealth Advisors LLC bought a new position in shares of Zeo Energy Corp. (NASDAQ:ZEO - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,411 shares of the company's stock, valued at approximately $42,000. U.S. Capital Wealth Advisors LLC owned 0.06% of Zeo Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

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.

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