Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) Short Interest Up 51.0% in May

Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 36,100 shares, an increase of 51.0% from the May 15th total of 23,900 shares. Based on an average daily trading volume, of 16,700 shares, the days-to-cover ratio is currently 2.2 days.

Eos Energy Enterprises Price Performance

Shares of EOSEW remained flat at $0.12 during trading hours on Friday. 11,987 shares of the stock were exchanged, compared to its average volume of 21,542. The firm has a 50-day moving average of $0.11 and a 200 day moving average of $0.16. Eos Energy Enterprises has a 1-year low of $0.07 and a 1-year high of $1.88.

Hedge Funds Weigh In On Eos Energy Enterprises

An institutional investor recently raised its position in Eos Energy Enterprises stock. Cowen AND Company LLC grew its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) by 86.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 925,273 shares of the company’s stock after purchasing an additional 428,426 shares during the period. Cowen AND Company LLC’s holdings in Eos Energy Enterprises were worth $185,000 at the end of the most recent quarter.

About Eos Energy Enterprises

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.