Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Short Interest Update

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 343 shares, a decline of 39.7% from the May 14th total of 569 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 16,027 shares, the days-to-cover ratio is currently 0.0 days.

Ellomay Capital Trading Up 1.9%

NYSEAMERICAN:ELLO opened at $21.98 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 3.62. The stock has a market capitalization of $302.88 million, a PE ratio of -12.78 and a beta of 0.94. The firm’s 50 day moving average is $23.72 and its 200 day moving average is $24.72. Ellomay Capital has a 12 month low of $13.71 and a 12 month high of $30.34.

Ellomay Capital (NYSEAMERICAN:ELLO) last posted its quarterly earnings results on Saturday, May 16th. The utilities provider reported ($0.88) EPS for the quarter. The company had revenue of $10.03 million during the quarter. Ellomay Capital had a negative return on equity of 12.39% and a negative net margin of 45.04%.

Institutional Investors Weigh In On Ellomay Capital

A number of hedge funds have recently modified their holdings of ELLO. JPMorgan Chase & Co. raised its holdings in shares of Ellomay Capital by 39.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 1,021 shares during the period. Yelin Lapidot Holdings Management Ltd. raised its holdings in shares of Ellomay Capital by 75.5% in the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 193,565 shares of the utilities provider’s stock worth $4,704,000 after purchasing an additional 83,300 shares during the period. Menora Mivtachim Holdings LTD. bought a new stake in shares of Ellomay Capital in the 3rd quarter worth approximately $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Ellomay Capital by 4.6% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock worth $28,276,000 after purchasing an additional 70,180 shares during the period. Institutional investors own 27.54% of the company’s stock.

Ellomay Capital Company Profile

Ellomay Capital Ltd. is an Israel-based investment company specializing in the acquisition, financing, development and operation of renewable energy and related infrastructure assets. Founded in 2014 and traded on the NYSE American under the ticker ELLO, Ellomay focuses on building a diversified portfolio of solar photovoltaic (PV) projects and specialty infrastructure businesses that generate stable, long-term cash flows under government-backed tariffs and concession agreements.

The company’s core activities center on ground-mounted solar PV installations in Italy, where its operating portfolio comprises multiple medium-sized projects secured under feed-in-tariff regimes.