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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 343 shares, a decline of 39.7% from the May 14th total of 569 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 16,027 shares, the short-interest ratio is currently 0.0 days.

Ellomay Capital Trading Up 2.1%

ELLO stock traded up $0.45 during midday trading on Monday, hitting $21.56. 16,968 shares of the company’s stock were exchanged, compared to its average volume of 9,264. The stock’s fifty day moving average price is $23.87 and its 200-day moving average price is $24.70. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $297.10 million, a PE ratio of -12.53 and a beta of 0.94. Ellomay Capital has a one year low of $13.71 and a one year high of $30.34.

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Ellomay Capital (NYSEAMERICAN:ELLO – Get Free Report) last posted its earnings results on Saturday, May 16th. The utilities provider reported ($0.88) earnings per share for the quarter. The business 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%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ELLO. JPMorgan Chase & Co. lifted its holdings in 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. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Ellomay Capital by 4.6% during 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 in the last quarter. Menora Mivtachim Holdings LTD. bought a new position in Ellomay Capital during the third quarter worth about $17,019,000. Finally, Yelin Lapidot Holdings Management Ltd. lifted its holdings in Ellomay Capital by 75.5% during 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 in the last quarter. 27.54% of the stock is currently owned by institutional investors.

About Ellomay Capital

(Get Free Report)

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.

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