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

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 34,900 shares, a drop of 21.0% from the October 15th total of 44,200 shares. Based on an average daily trading volume, of 986,600 shares, the short-interest ratio is currently 0.0 days. Currently, 1.4% of the company’s stock are sold short.

Zeo Energy Stock Down 0.8 %

Shares of NASDAQ ZEO opened at $1.21 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.12. The stock has a 50 day moving average price of $1.61 and a 200 day moving average price of $2.95. Zeo Energy has a 52 week low of $1.05 and a 52 week high of $11.60.

Zeo Energy (NASDAQ:ZEO) last released its quarterly earnings data on Monday, August 19th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $14.71 million during the quarter.

Institutional Investors Weigh In On Zeo Energy

A hedge fund recently bought a new stake in Zeo Energy stock. K2 Principal Fund L.P. purchased a new position in shares of Zeo Energy Corp. (NASDAQ:ZEO) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 395,293 shares of the company’s stock, valued at approximately $2,253,000. K2 Principal Fund L.P. owned 0.98% of Zeo Energy at the end of the most recent 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.