Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Sees Large Decrease in Short Interest

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 569 shares, a decrease of 39.1% from the April 30th total of 935 shares. Based on an average daily trading volume, of 22,975 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Ellomay Capital Stock Down 0.8%

Shares of ELLO stock traded down $0.18 on Wednesday, hitting $23.56. The stock had a trading volume of 1,707 shares, compared to its average volume of 8,109. Ellomay Capital has a one year low of $13.18 and a one year high of $30.34. The business has a 50 day moving average price of $24.43 and a 200 day moving average price of $24.60. The company has a market cap of $324.66 million, a PE ratio of -13.70 and a beta of 0.94. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 3.62.

Ellomay Capital (NYSEAMERICAN:ELLO) last posted its earnings results on Wednesday, May 27th. The utilities provider reported ($0.88) EPS for the quarter. Ellomay Capital had a negative net margin of 45.04% and a negative return on equity of 12.39%. The business had revenue of $10.03 million for the quarter.

Institutional Trading of Ellomay Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased 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 valued at $65,000 after acquiring an additional 1,021 shares during the period. Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of Ellomay Capital by 75.5% during 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 last quarter. Menora Mivtachim Holdings LTD. bought a new stake in Ellomay Capital during the third quarter valued at about $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Ellomay Capital by 4.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock valued at $28,276,000 after purchasing an additional 70,180 shares in the last quarter. Institutional investors own 27.54% of the company’s stock.

About Ellomay Capital

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.