Short Interest in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Decreases By 39.6%

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

Ellomay Capital Trading Down 0.5%

NYSEAMERICAN:ELLO traded down $0.09 during mid-day trading on Friday, reaching $18.81. 2,775 shares of the company’s stock traded hands, compared to its average volume of 5,950. The company has a 50 day moving average price of $20.97 and a 200-day moving average price of $24.21. The firm has a market capitalization of $259.15 million, a price-to-earnings ratio of -10.93 and a beta of 0.98. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.40 and a quick ratio of 1.40. Ellomay Capital has a 12-month low of $16.09 and a 12-month high of $30.34.

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. The business 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 Trading of Ellomay Capital

An institutional investor recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. raised its stake in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% during the third quarter, according to the company in its most recent 13F filing 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 quarter. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $65,000 at the end of the most recent reporting period. 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.