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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 569 shares, a growth of 119.7% from the December 31st total of 259 shares. Based on an average daily volume of 3,889 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 3,889 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Ellomay Capital

A number of institutional investors have recently bought and sold shares of ELLO. JPMorgan Chase & Co. grew its position in shares of Ellomay Capital by 39.6% during the 3rd 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. Menora Mivtachim Holdings LTD. acquired a new stake in Ellomay Capital during the third quarter worth approximately $17,019,000. Clal Insurance Enterprises Holdings Ltd increased its stake 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 acquiring an additional 70,180 shares during the period. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Ellomay Capital during the 2nd quarter worth $31,000. Institutional investors own 27.54% of the company’s stock.

Ellomay Capital Price Performance

Shares of NYSEAMERICAN ELLO opened at $26.20 on Friday. The business’s 50 day moving average is $24.29 and its 200-day moving average is $20.61. The firm has a market cap of $361.04 million, a P/E ratio of 873.33 and a beta of 1.01. Ellomay Capital has a 1-year low of $13.00 and a 1-year high of $29.25. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.04.

Ellomay Capital (NYSEAMERICAN:ELLO) last issued its quarterly earnings data on Monday, December 1st. The utilities provider reported $4.45 EPS for the quarter. Ellomay Capital had a return on equity of 0.50% and a net margin of 1.83%.The firm had revenue of $278.16 million for the quarter.

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.