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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 569 shares, a drop of 39.1% from the April 30th total of 935 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 22,975 shares, the days-to-cover ratio is currently 0.0 days.

Ellomay Capital Trading Down 0.8%

NYSEAMERICAN ELLO traded down $0.18 on Wednesday, hitting $23.56. 1,707 shares of the stock were exchanged, compared to its average volume of 8,109. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.40 and a current ratio of 1.40. Ellomay Capital has a 52-week low of $13.18 and a 52-week high of $30.34. The firm has a market capitalization of $324.66 million, a P/E ratio of -13.70 and a beta of 0.94. The stock has a fifty day moving average price of $24.43 and a two-hundred day moving average price of $24.60.

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

Institutional Trading of Ellomay Capital

Several institutional investors have recently added to or reduced their stakes in the company. Menora Mivtachim Holdings LTD. bought a new position in shares of Ellomay Capital during the third quarter valued at approximately $17,019,000. Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of Ellomay Capital by 75.5% during the 4th 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 last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of 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 acquiring an additional 70,180 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Ellomay Capital by 39.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 1,021 shares during the period. Institutional investors own 27.54% of the company’s stock.

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.