Highly shorted Eos Energy Enterprises surges after BlackRock reveals stake

Eos Energy Enterprises

18/07/2025 15:10

Updates

** Shares of energy storage systems provider Eos Energy Enterprises EOSE.O climb 14.4% to $6.1, hitting a more than eight-week high intraday

** BlackRock BLK.N discloses a 6.5% stake in EOSE, as per a filing late on Thursday

** BLK's stake is worth more than $85 mln, according to Reuters calculations based on EOSE's last closing price of $5.3

** Short interest stands at 36.1% of free float, according to data analytics firm Ortex

** EOSE will report Q2 results after markets close on July 31

** EOSE has 248.6 mln shares outstanding, with a market cap of $1.32 bln as of Thursday's close

** Including sessions' gains, stock up about 24% YTD

 (Reporting by Shashwat Chauhan in Bengaluru)

 ((Shashwat.Chauhan@thomsonreuters.com))