Eltek Ltd. (NASDAQ:ELTK – Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 20,300 shares, a growth of 5.7% from the December 15th total of 19,200 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 20,800 shares, the short-interest ratio is currently 1.0 days.
Eltek Price Performance
NASDAQ ELTK traded down $0.33 on Monday, reaching $11.03. The company had a trading volume of 3,404 shares, compared to its average volume of 16,468. The firm has a market cap of $66.92 million, a price-to-earnings ratio of 12.97 and a beta of 0.45. Eltek has a fifty-two week low of $9.00 and a fifty-two week high of $22.80. The business has a 50 day moving average of $11.03 and a two-hundred day moving average of $10.65.
Institutional Trading of Eltek
A number of institutional investors and hedge funds have recently bought and sold shares of ELTK. Sunbelt Securities Inc. grew its holdings in Eltek by 10.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company’s stock worth $113,000 after acquiring an additional 1,020 shares during the period. Renaissance Technologies LLC grew its holdings in Eltek by 1.5% during the 2nd quarter. Renaissance Technologies LLC now owns 90,723 shares of the technology company’s stock worth $885,000 after acquiring an additional 1,300 shares during the period. Finally, Foundry Partners LLC grew its holdings in Eltek by 14.2% during the 3rd quarter. Foundry Partners LLC now owns 242,470 shares of the technology company’s stock worth $2,645,000 after acquiring an additional 30,200 shares during the period. 64.58% of the stock is currently owned by institutional investors and hedge funds.
Eltek Company Profile
Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. It offers a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, and flexible circuitry boards. The company also provides high density interconnect, flex-rigid, and multi-layered boards.
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