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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 259 shares, a decline of 58.9% from the December 15th total of 630 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 4,078 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 4,078 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Ellomay Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of Ellomay Capital by 39.6% during the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 1,021 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new position in Ellomay Capital in the third quarter valued at about $17,019,000. 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 purchasing an additional 70,180 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Ellomay Capital during the 2nd quarter worth about $31,000. 27.54% of the stock is currently owned by hedge funds and other institutional investors.

Ellomay Capital Stock Down 2.2%

NYSEAMERICAN:ELLO traded down $0.63 on Wednesday, hitting $27.67. 1,611 shares of the company’s stock traded hands, compared to its average volume of 3,706. 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 has a 1 year low of $13.00 and a 1 year high of $29.25. The firm has a 50-day moving average price of $22.69 and a 200-day moving average price of $19.79. The company has a market cap of $381.29 million, a PE ratio of 922.33 and a beta of 1.01.

Ellomay Capital (NYSEAMERICAN:ELLO) last posted its quarterly earnings results on Monday, December 1st. The utilities provider reported $4.45 earnings per share (EPS) for the quarter. Ellomay Capital had a net margin of 1.83% and a return on equity of 0.50%. The business had revenue of $278.16 million during the quarter.

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.