Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Short Interest Up 1,003.8% in June

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,786 shares, a growth of 1,003.8% from the May 31st total of 343 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 22,240 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. 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. Menora Mivtachim Holdings LTD. bought a new position in Ellomay Capital during the third quarter valued at $17,019,000. Yelin Lapidot Holdings Management Ltd. increased its position in Ellomay Capital by 75.5% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 193,565 shares of the utilities provider’s stock worth $4,704,000 after buying an additional 83,300 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Ellomay Capital by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock worth $65,000 after buying an additional 1,021 shares during the last quarter. 27.54% of the stock is owned by institutional investors.

Ellomay Capital Stock Performance

Shares of Ellomay Capital stock traded down $0.70 during trading hours on Friday, hitting $18.50. 1,318 shares of the company’s stock traded hands, compared to its average volume of 15,644. The stock has a market capitalization of $254.93 million, a price-to-earnings ratio of -10.76 and a beta of 0.94. Ellomay Capital has a 12-month low of $15.40 and a 12-month high of $30.34. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.40 and a quick ratio of 1.40. The company has a fifty day simple moving average of $22.86 and a 200-day simple moving average of $24.62.

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

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.