Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Down 42.3% in December

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 94,500 shares, a decline of 42.3% from the December 15th total of 163,800 shares. Currently, 7.0% of the company’s shares are sold short. Based on an average trading volume of 913,500 shares, the days-to-cover ratio is currently 0.1 days.

Zeo Energy Price Performance

NASDAQ ZEO opened at $2.02 on Wednesday. The company has a 50-day simple moving average of $1.95 and a two-hundred day simple moving average of $2.22. Zeo Energy has a 12-month low of $1.05 and a 12-month high of $11.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.12 and a current ratio of 2.17.

Institutional Investors Weigh In On Zeo Energy

An institutional investor recently raised its position in Zeo Energy stock. K2 Principal Fund L.P. lifted its position in shares of Zeo Energy Corp. (NASDAQ:ZEO) by 21.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 481,448 shares of the company’s stock after purchasing an additional 86,155 shares during the period. K2 Principal Fund L.P. owned 1.17% of Zeo Energy worth $1,035,000 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.