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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) saw 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. 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 shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ELLO. JPMorgan Chase & Co. grew 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 valued at $65,000 after buying an additional 1,021 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. raised its position in Ellomay Capital by 75.5% in the fourth 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 period. Menora Mivtachim Holdings LTD. bought a new stake in Ellomay Capital in the third quarter worth about $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Ellomay Capital by 4.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock worth $28,276,000 after acquiring an additional 70,180 shares during the period. 27.54% of the stock is currently owned by institutional investors and hedge funds.

Ellomay Capital Trading Down 0.2%

ELLO opened at $22.34 on Friday. Ellomay Capital has a twelve month low of $13.18 and a twelve month high of $30.34. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 3.62. The company has a fifty day moving average of $24.29 and a 200-day moving average of $24.63. The stock has a market cap of $307.85 million, a PE ratio of -12.99 and a beta of 0.94.

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

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.