Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Update

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) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 141,100 shares, agrowthof74.2% from the July 31st total of 81,000 shares. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is currently 0.1 days. Currently,0.9% of the shares of the company are short sold. Currently,0.9% of the shares of the company are short sold. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling

In other news, insider Brandon Bridgewater sold 26,636 shares of Zeo Energy stock in a transaction that occurred on 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. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Kalen Larsen sold 26,636 shares of Zeo Energy stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $1.61, for a total transaction of $42,883.96. Following the completion of the sale, the chief operating officer owned 2,411,637 shares of the company's stock, valued at $3,882,735.57. This represents a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 176,726 shares of company stock valued at $294,173 over the last quarter. Company insiders own 56.17% of the company's stock.

Institutional Trading of Zeo Energy

An institutional investor recently raised its position in Zeo Energy stock. Geode Capital Management LLC lifted its stake in Zeo Energy Corp. (NASDAQ:ZEO - Free Report) by 98.2% during the 2nd quarter, according to its most recent disclosure with the SEC. 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 approximately 0.35% of Zeo Energy worth $504,000 at the end of the most recent reporting period.

Zeo Energy Stock Performance

ZEO opened at $1.34 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 0.05. The company has a market cap of $73.47 million, a price-to-earnings ratio of -1.89 and a beta of -0.15. The company's 50 day moving average is $2.30 and its 200 day moving average is $2.09. Zeo Energy has a 12-month low of $1.05 and a 12-month high of $4.00.

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 for the quarter.

Zeo Energy Company Profile

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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