Short Interest in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Expands By 50.1%

Key Points

• Short interest jumped 50.1% to 554 shares as of March 31 (up from 369 on March 15), but still represents essentially 0.0% of shares with a short-interest ratio of just 0.3 days.
• Shares recently traded at $24.47 with above-average volume, and the company has a market capitalization of $337.2 million, a negative P/E (-135.94) and a high debt-to-equity ratio of 3.50.
• Institutional investors own 27.54% of the stock, with firms such as JPMorgan, Yelin Lapidot, Menora Mivtachim and Clal Insurance recently increasing or establishing sizable positions.

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 554 shares, a growth of 50.1% from the March 15th total of 369 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,140 shares, the short-interest ratio is presently 0.3 days.

Ellomay Capital Stock Performance

NYSEAMERICAN:ELLO traded down $0.04 on Tuesday, hitting $24.47. The company's stock had a trading volume of 6,303 shares, compared to its average volume of 3,584. The company has a current ratio of 1.25, a quick ratio of 1.18 and a debt-to-equity ratio of 3.50. The stock has a fifty day moving average of $25.84 and a two-hundred day moving average of $23.51. The firm has a market capitalization of $337.20 million, a P/E ratio of -135.94 and a beta of 1.00. Ellomay Capital has a one year low of $13.18 and a one year high of $30.34.

Institutional Trading of Ellomay Capital

Several institutional investors and hedge funds have recently bought and sold shares of ELLO. JPMorgan Chase & Co. raised its stake in Ellomay Capital by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider's stock valued at $65,000 after buying an additional 1,021 shares during the period. Yelin Lapidot Holdings Management Ltd. grew its position 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 valued at $4,704,000 after purchasing an additional 83,300 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new position in shares of Ellomay Capital in the third quarter valued at approximately $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position 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 valued at $28,276,000 after purchasing an additional 70,180 shares during the last quarter. 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.

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