Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) Short Interest Up 6.5% in March

Eos Energy Enterprises, Inc. (NASDAQ:EOSEWGet Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 24,600 shares, a growth of 6.5% from the February 29th total of 23,100 shares. Based on an average daily volume of 23,500 shares, the days-to-cover ratio is presently 1.0 days.

Eos Energy Enterprises Price Performance

Shares of NASDAQ:EOSEW opened at $0.15 on Thursday. Eos Energy Enterprises has a 1-year low of $0.10 and a 1-year high of $1.88. The business has a 50-day moving average price of $0.18 and a two-hundred day moving average price of $0.25.

Institutional Trading of Eos Energy Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in EOSEW. Ionic Capital Management LLC bought a new stake in shares of Eos Energy Enterprises in the 1st quarter valued at about $25,000. Cowen AND Company LLC bought a new stake in shares of Eos Energy Enterprises in the 3rd quarter valued at about $206,000. Walleye Capital LLC bought a new stake in shares of Eos Energy Enterprises in the 3rd quarter valued at about $265,000. Finally, Walleye Trading LLC bought a new stake in shares of Eos Energy Enterprises in the 3rd quarter valued at about $149,000.

About Eos Energy Enterprises

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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.

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