Short Interest in Zeo Energy Corp. (NASDAQ:ZEO) Expands By 664.5%

Zeo Energy Corp. (NASDAQ:ZEO - Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 864,600 shares, a growth of 664.5% from the May 15th total of 113,100 shares. Approximately 7.6% of the company's stock are short sold. Based on an average trading volume of 2,040,000 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Zeo Energy

A hedge fund recently bought a new stake in Zeo Energy stock. XTX Topco Ltd bought a new position in shares of Zeo Energy Corp. (NASDAQ:ZEO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 12,126 shares of the company's stock, valued at approximately $42,000.

Zeo Energy Trading Up 0.9%

Shares of NASDAQ:ZEO traded up $0.03 on Friday, reaching $3.40. The company had a trading volume of 135,743 shares, compared to its average volume of 1,174,010. The firm has a market capitalization of $167.64 million, a PE ratio of -2.45 and a beta of -0.06. Zeo Energy has a 52-week low of $1.05 and a 52-week high of $4.75. The firm's 50 day simple moving average is $1.93 and its 200-day simple moving average is $2.08.

Zeo Energy (NASDAQ:ZEO - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The company reported ($0.04) EPS for the quarter. Zeo Energy had a negative net margin of 2.05% and a negative return on equity of 3.32%. The firm had revenue of $18.65 million for the quarter.

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.