Eltek Ltd. (NASDAQ:ELTK - Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 4,500 shares, a decline of 57.5% from the March 15th total of 10,600 shares. Based on an average trading volume of 14,900 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company's shares are sold short.
Eltek Price Performance
Shares of NASDAQ:ELTK traded up $0.19 during mid-day trading on Monday, hitting $8.72. The company had a trading volume of 299 shares, compared to its average volume of 22,405. Eltek has a one year low of $7.65 and a one year high of $12.47. The firm has a fifty day moving average price of $9.53 and a 200 day moving average price of $10.45. The company has a market capitalization of $58.51 million, a PE ratio of 10.25 and a beta of 0.58.
Eltek Announces Dividend
The business also recently disclosed a -- dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 22nd. Eltek's dividend payout ratio is currently 30.16%.
Institutional Trading of Eltek
Large investors have recently made changes to their positions in the company. Yelin Lapidot Holdings Management Ltd. increased its holdings in shares of Eltek by 206.7% during the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company's stock valued at $2,312,000 after acquiring an additional 140,868 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in Eltek in the 4th quarter valued at $99,000. Finally, Northern Trust Corp bought a new stake in shares of Eltek during the 4th quarter worth $405,000. 64.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on shares of Eltek in a research note on Monday, April 14th. They set a "hold" rating for the company.
Read Our Latest Stock Analysis on ELTK
About Eltek
(
Get Free Report)
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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