Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Short Interest Down 90.3% in March

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 300 shares, a drop of 90.3% from the February 29th total of 3,100 shares. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Ellomay Capital

A number of institutional investors have recently added to or reduced their stakes in ELLO. Yelin Lapidot Holdings Management Ltd. bought a new stake in shares of Ellomay Capital in the 3rd quarter worth about $1,711,000. UBS Group AG increased its position in shares of Ellomay Capital by 20,486.8% in the 1st quarter. UBS Group AG now owns 18,734 shares of the utilities provider’s stock worth $476,000 after purchasing an additional 18,643 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Ellomay Capital by 54.7% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,512,554 shares of the utilities provider’s stock worth $22,580,000 after purchasing an additional 534,554 shares during the last quarter. Institutional investors and hedge funds own 27.54% of the company’s stock.

Ellomay Capital Stock Performance

Shares of NYSEAMERICAN:ELLO traded up $0.17 during midday trading on Friday, hitting $15.71. 6,290 shares of the company’s stock traded hands, compared to its average volume of 6,660. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.23. The firm has a market capitalization of $201.87 million, a price-to-earnings ratio of 13.66 and a beta of 1.31. Ellomay Capital has a twelve month low of $10.00 and a twelve month high of $20.26.

Ellomay Capital (NYSEAMERICAN:ELLO) last posted its earnings results on Tuesday, January 2nd. The utilities provider reported $0.45 earnings per share for the quarter. The business had revenue of $17.03 million for the quarter. Ellomay Capital had a net margin of 27.44% and a return on equity of 12.52%.

About Ellomay Capital

Ellomay Capital Ltd., together with its subsidiaries, engages in the production of renewable and clean energy in Israel, Italy, Spain, and the Netherlands. The company owns seven photovoltaic (PV) plants comprising five PV plants in Spain with an aggregate installed capacity of approximately 35.9 megawatts (MW); one PV plant with a peak capacity of 300 MW in the municipality of Talaván, Spain; and one PV plant in Israel with an installed capacity of approximately 9 MW.