Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Up 74.2% in August

Key Points

• Zeo Energy Corp. saw a significant increase in short interest of 74.2%, from 81,000 shares in July to 141,100 shares in August, with current short sales representing 0.9% of total shares.
• Insiders at Zeo Energy sold 176,726 shares of stock valued at $294,173 over the last quarter, while maintaining a collective ownership of 56.17% of the company.
• Geode Capital Management recently increased its stake in Zeo Energy by 98.2%, now holding approximately 173,670 shares valued at $504,000.

Zeo Energy Corp. (NASDAQ:ZEO - Get Free Report) saw a large growth in short interest in August. As of August 15th, there was short interest totaling 141,100 shares, a growth of 74.2% from the July 31st total of 81,000 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 1,720,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,720,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.9% of the shares of the stock are short sold.

Zeo Energy Trading Up 7.6%

NASDAQ:ZEO traded up $0.09 during trading hours on Thursday, reaching $1.28. 143,687 shares of the stock were exchanged, compared to its average volume of 88,085. Zeo Energy has a twelve month low of $1.05 and a twelve month high of $4.00. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $2.18 and a two-hundred day moving average of $2.07. The company has a market capitalization of $70.18 million, a price-to-earnings ratio of -1.80 and a beta of -0.15.

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

Insiders Place Their Bets

In other news, insider Brandon Bridgewater sold 26,636 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $1.61, for a total value of $42,883.96. Following the completion of the sale, the insider directly owned 2,956,637 shares in the company, valued at $4,760,185.57. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Kalen Larsen sold 26,636 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $1.61, for a total transaction of $42,883.96. Following the transaction, the chief operating officer owned 2,411,637 shares in the company, valued at $3,882,735.57. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 176,726 shares of company stock valued at $294,173 in the last ninety days. Insiders own 56.17% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Zeo Energy stock. Geode Capital Management LLC boosted its holdings in shares of Zeo Energy Corp. (NASDAQ:ZEO - Free Report) by 98.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 173,670 shares of the company's stock after buying an additional 86,047 shares during the quarter. Geode Capital Management LLC owned 0.35% of Zeo Energy worth $504,000 as of its most recent SEC filing.

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.