Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Short Interest Down 39.1% in May

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) was the target of a significant 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 22,975 shares, the days-to-cover ratio is presently 0.0 days.

Ellomay Capital Price Performance

Shares of NYSEAMERICAN:ELLO traded up $0.24 during trading on Thursday, reaching $22.62. The company had a trading volume of 12,833 shares, compared to its average volume of 8,357. Ellomay Capital has a twelve month low of $13.18 and a twelve month high of $30.34. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $311.72 million, a PE ratio of -13.26 and a beta of 0.94. The firm’s fifty day moving average is $24.34 and its 200 day moving average is $24.62.

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

Hedge Funds Weigh In On Ellomay Capital

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Ellomay Capital by 39.6% during the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 1,021 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. grew 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 acquiring an additional 83,300 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in shares of Ellomay Capital during the third quarter worth $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds 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.