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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 935 shares, an increase of 446.8% from the April 15th total of 171 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 6,220 shares, the short-interest ratio is presently 0.2 days.

Ellomay Capital Price Performance

Shares of ELLO opened at $23.36 on Friday. The firm has a 50-day simple moving average of $25.05 and a two-hundred day simple moving average of $24.35. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.24 and a quick ratio of 1.24. Ellomay Capital has a 1-year low of $13.18 and a 1-year high of $30.34. The stock has a market cap of $321.90 million, a PE ratio of -129.78 and a beta of 0.98.

Hedge Funds Weigh In On Ellomay Capital

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in Ellomay Capital by 39.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 1,021 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Ellomay Capital by 4.6% during 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 buying an additional 70,180 shares during the period. Yelin Lapidot Holdings Management Ltd. raised its holdings in 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 acquiring an additional 83,300 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. acquired a new stake in Ellomay Capital in the third quarter valued at approximately $17,019,000. Institutional investors and hedge funds 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.