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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 343 shares, a drop of 39.7% from the May 14th total of 569 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 16,027 shares, the short-interest ratio is currently 0.0 days.

Ellomay Capital Trading Up 2.1%

Shares of NYSEAMERICAN ELLO traded up $0.45 during midday trading on Monday, hitting $21.56. The stock had a trading volume of 16,968 shares, compared to its average volume of 9,264. The company’s 50-day simple moving average is $23.87 and its 200 day simple moving average is $24.70. The firm has a market cap of $297.10 million, a P/E ratio of -12.53 and a beta of 0.94. Ellomay Capital has a fifty-two week low of $13.71 and a fifty-two week high of $30.34. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.40 and a quick ratio of 1.40.

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

Institutional Investors Weigh In On Ellomay Capital

A number of institutional investors have recently made changes to their positions in the stock. Yelin Lapidot Holdings Management Ltd. grew its stake in shares of 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 purchasing an additional 83,300 shares during the period. JPMorgan Chase & Co. grew its stake 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 purchasing an additional 1,021 shares during the period. Menora Mivtachim Holdings LTD. acquired a new stake in shares of Ellomay Capital during the third quarter worth $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of 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 purchasing an additional 70,180 shares during the period. 27.54% of the stock is owned by institutional investors and hedge funds.

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.