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

Key Points

• Short interest surged 275.8% to 2,480 shares as of October 15, up from 660 shares at the end of September; the short-interest ratio rose to 2.8 days based on average daily volume.
• Ellomay shares fell 12.4% to $20.25, trading between a 52-week range of $17.50 to $30.34. The company has a market capitalization of approximately $279 million and a P/E ratio of 4.02.
• In its latest quarterly results, Ellomay reported $5.99 in earnings per share and $14.17 million in revenue. The Israeli renewable-energy company develops and operates solar, power-generation, and waste-to-energy projects across Israel and Europe.

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,480 shares, a growth of 275.8% from the September 30th total of 660 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 873 shares, the short-interest ratio is currently 2.8 days.

Ellomay Capital Stock Down 12.4%

Shares of ELLO stock traded down $2.85 on Wednesday, hitting $20.25. The company's stock had a trading volume of 709 shares, compared to its average volume of 1,801. Ellomay Capital has a fifty-two week low of $17.50 and a fifty-two week high of $30.34. The firm's fifty day moving average price is $21.08 and its 200-day moving average price is $22.91. The stock has a market capitalization of $278.98 million, a price-to-earnings ratio of 4.02 and a beta of 0.99. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.24 and a quick ratio of 1.24.

Ellomay Capital (NYSEAMERICAN:ELLO - Get Free Report) last posted its earnings results on Tuesday, August 18th. The utilities provider reported $5.99 earnings per share for the quarter. Ellomay Capital had a negative return on equity of 12.99% and a net margin of 136.55%. The firm had revenue of $14.17 million during the quarter.

About Ellomay Capital

Ellomay Capital Ltd. is an Israeli renewable energy and power-generation company whose shares trade on the NYSE American and the Tel Aviv Stock Exchange. The company develops, owns and operates energy infrastructure, with a primary focus on renewable energy projects and related investments.

Ellomay's activities include solar photovoltaic power plants, electricity-generation facilities and waste-to-energy projects, including facilities that use landfill gas or biogas. Through its subsidiaries and investments, the company participates in projects in Israel and several European markets, including Italy, Spain and the Netherlands.

Founded in 1987, Ellomay has evolved into an energy-focused investment and operating company.

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.