Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Short Interest Down 39.6% in June

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,285 shares, a decline of 39.6% from the June 15th total of 3,786 shares. Based on an average trading volume of 6,458 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Ellomay Capital Trading Down 1.1%

ELLO traded down $0.20 on Friday, hitting $18.70. 2,775 shares of the company were exchanged, compared to its average volume of 6,097. The firm has a fifty day simple moving average of $21.08 and a two-hundred day simple moving average of $24.25. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.40 and a current ratio of 1.40. Ellomay Capital has a 12 month low of $16.09 and a 12 month high of $30.34. The stock has a market capitalization of $257.67 million, a PE ratio of -10.87 and a beta of 0.98.

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

Hedge Funds Weigh In On Ellomay Capital

A hedge fund recently raised its position in Ellomay Capital stock. JPMorgan Chase & Co. lifted its position in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,601 shares of the utilities provider’s stock after purchasing an additional 1,021 shares during the period. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $65,000 as of its most recent SEC filing. 27.54% of the stock is currently owned by hedge funds and other institutional investors.

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.