Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Short Interest Up 446.8% in April

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 935 shares, a growth of 446.8% from the April 15th total of 171 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,220 shares, the short-interest ratio is presently 0.2 days.

Ellomay Capital Price Performance

ELLO stock traded down $0.37 on Thursday, hitting $23.36. 20,474 shares of the company’s stock traded hands, compared to its average volume of 14,486. The stock has a market cap of $321.90 million, a price-to-earnings ratio of -129.78 and a beta of 0.98. Ellomay Capital has a 1-year low of $13.18 and a 1-year high of $30.34. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 3.49. The stock has a fifty day moving average of $25.05 and a 200-day moving average of $24.35.

Hedge Funds Weigh In On Ellomay Capital

A number of hedge funds have recently modified their holdings of ELLO. JPMorgan Chase & Co. lifted 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 purchasing an additional 1,021 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. increased its stake in 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 worth $4,704,000 after purchasing an additional 83,300 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new position in Ellomay Capital in the 3rd quarter worth about $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in 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 buying an additional 70,180 shares during the period. 27.54% of the stock is currently owned by institutional investors and hedge funds.

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.