Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Short Interest Update

Key Points

• Short interest plunged 69.1% in April to just 171 shares (down from 554 on March 31), leaving a short-interest ratio of 0.0 days and approximately 0.0% of the shares shorted.
• Several institutions have added to or initiated positions—Menora Mivtachim opened a roughly $17.0M position while Yelin Lapidot, Clal Insurance and JPMorgan increased stakes—and institutional investors now own about 27.54% of the company.
• Ellomay trades around $25.20 with a 52-week range of $13.18–$30.34, a market capitalization of $347.26 million, a high leverage profile (debt-to-equity 3.50) and a negative PE (-140.00).

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 171 shares, a drop of 69.1% from the March 31st total of 554 shares. Based on an average daily trading volume, of 5,003 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Ellomay Capital

Several large investors have recently modified their holdings of ELLO. Menora Mivtachim Holdings LTD. purchased a new position in shares of Ellomay Capital in the third quarter worth about $17,019,000. Yelin Lapidot Holdings Management Ltd. increased its stake in shares of Ellomay Capital by 75.5% in 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Ellomay Capital by 4.6% in 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 27.54% of the company's stock.

Ellomay Capital Stock Performance

NYSEAMERICAN ELLO opened at $25.20 on Friday. Ellomay Capital has a 52-week low of $13.18 and a 52-week high of $30.34. The company has a 50-day simple moving average of $25.22 and a 200 day simple moving average of $23.81. The company has a debt-to-equity ratio of 3.50, a quick ratio of 1.18 and a current ratio of 1.25. The company has a market capitalization of $347.26 million, a PE ratio of -140.00 and a beta of 1.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.