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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 259 shares, a decline of 58.9% from the December 15th total of 630 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 4,078 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 4,078 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company's stock are short sold.Get Ellomay Capital alerts:Hedge Funds Weigh In On Ellomay CapitalInstitutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of Ellomay Capital by 39.6% during the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider's stock worth $65,000 after acquiring an additional 1,021 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new position in Ellomay Capital in the third quarter valued at about $17,019,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of 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 purchasing an additional 70,180 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Ellomay Capital during the 2nd quarter worth about $31,000. 27.54% of the stock is currently owned by hedge funds and other institutional investors. Ellomay Capital Stock Down 2.2%NYSEAMERICAN:ELLO traded down $0.63 on Wednesday, hitting $27.67. 1,611 shares of the company's stock traded hands, compared to its average volume of 3,706. 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 has a 1 year low of $13.00 and a 1 year high of $29.25. The firm has a 50-day moving average price of $22.69 and a 200-day moving average price of $19.79. The company has a market cap of $381.29 million, a PE ratio of 922.33 and a beta of 1.01. Ellomay Capital (NYSEAMERICAN:ELLO - Get Free Report) last posted its quarterly earnings results on Monday, December 1st. The utilities provider reported $4.45 earnings per share (EPS) for the quarter. Ellomay Capital had a net margin of 1.83% and a return on equity of 0.50%. The business had revenue of $278.16 million during the quarter. About Ellomay Capital (Get Free Report)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.Read MoreFive stocks we like better than Ellomay CapitalHow a Family Trust May Be Able To Help Preserve Your WealthWhy Trump and Musk suddenly care about Fort KnoxThis stock gets a 94 out of 100If You Keep Cash In A U.S. Bank Account… Read This NOWPunch these codes into your ordinary brokerage accountThis 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.Should You Invest $1,000 in Ellomay Capital Right Now?Before you consider Ellomay Capital, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ellomay Capital wasn't on the list.While Ellomay Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here