Short Interest in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Increases By 1,003.8%

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 3,786 shares, a growth of 1,003.8% from the May 31st total of 343 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 22,240 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Ellomay Capital

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in Ellomay Capital by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 1,021 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Ellomay Capital by 4.6% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock valued at $28,276,000 after acquiring an additional 70,180 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. lifted its stake 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 valued at $4,704,000 after acquiring an additional 83,300 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. purchased a new stake in Ellomay Capital during the 3rd quarter valued at about $17,019,000. Hedge funds and other institutional investors own 27.54% of the company’s stock.

Ellomay Capital Stock Performance

Shares of NYSEAMERICAN ELLO opened at $19.20 on Friday. The stock’s 50-day moving average is $22.99 and its 200 day moving average is $24.66. The stock has a market cap of $264.58 million, a price-to-earnings ratio of -11.16 and a beta of 0.94. Ellomay Capital has a 1-year low of $15.40 and a 1-year high of $30.34. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 3.62.

Ellomay Capital (NYSEAMERICAN:ELLO) last issued its quarterly earnings results on Saturday, May 16th. The utilities provider reported ($0.88) EPS for the quarter. The business had revenue of $10.03 million for the quarter. Ellomay Capital had a negative net margin of 45.04% and a negative return on equity of 12.39%.

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.