Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Short Interest Update

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 369 shares, a decrease of 25.3% from the February 26th total of 494 shares. Based on an average daily volume of 1,404 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

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 position in shares of Ellomay Capital by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock valued at $65,000 after buying an additional 1,021 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Ellomay Capital by 4.6% during 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 buying an additional 70,180 shares during the period. Menora Mivtachim Holdings LTD. purchased a new position in shares of Ellomay Capital during the 3rd quarter valued at approximately $17,019,000. Finally, Yelin Lapidot Holdings Management Ltd. grew its stake in 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 valued at $4,704,000 after acquiring an additional 83,300 shares during the period. 27.54% of the stock is owned by institutional investors and hedge funds.

Ellomay Capital Stock Performance

ELLO traded down $0.30 during midday trading on Friday, hitting $25.00. 3,631 shares of the company were exchanged, compared to its average volume of 1,572. The company’s 50 day simple moving average is $26.32 and its 200 day simple moving average is $22.93. The firm has a market capitalization of $344.50 million, a price-to-earnings ratio of 833.33 and a beta of 1.02. Ellomay Capital has a 1-year low of $13.00 and a 1-year high of $30.34. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.04.

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.