Short Interest in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Decreases By 55.6%

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO – Get Rating) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 400 shares, a decrease of 55.6% from the April 30th total of 900 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 1.3 days.

Ellomay Capital Stock Performance

ELLO opened at $14.80 on Friday. The stock has a market cap of $190.18 million, a P/E ratio of -493.17 and a beta of 1.12. Ellomay Capital has a fifty-two week low of $10.01 and a fifty-two week high of $28.61. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 4.73.

Ellomay Capital (NYSEAMERICAN:ELLO – Get Rating) last posted its earnings results on Friday, March 31st. The utilities provider reported $0.29 EPS for the quarter. Ellomay Capital had a negative net margin of 0.63% and a negative return on equity of 0.47%. The firm had revenue of $9.21 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ellomay Capital stock. UBS Group AG increased its stake in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO – Get Rating) by 20,486.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,734 shares of the utilities provider’s stock after acquiring an additional 18,643 shares during the period. UBS Group AG owned approximately 0.15% of Ellomay Capital worth $476,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.68% of the company’s stock.

About Ellomay Capital

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Ellomay Capital Ltd., together with its subsidiaries, engages in the production of renewable and clean energy in Israel, Spain, and the Netherlands. The company owns six photovoltaic (PV) plants comprising four PV plants in Spain with an aggregate installed capacity of approximately 7.9 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.