Eltek Ltd. (NASDAQ:ELTK - Get Free Report) was the recipient 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. Based on an average daily volume of 20,800 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.6% of the shares of the company are short sold.
Eltek Price Performance
NASDAQ:ELTK traded down $0.33 during midday trading on Friday, hitting $11.03. The company's stock had a trading volume of 3,404 shares, compared to its average volume of 16,468. Eltek has a fifty-two week low of $9.00 and a fifty-two week high of $22.80. The firm has a market cap of $66.92 million, a P/E ratio of 12.97 and a beta of 0.45. The firm's 50 day moving average is $11.03 and its 200-day moving average is $10.65.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELTK. Foundry Partners LLC raised its stake in shares of Eltek by 14.2% during the 3rd quarter. Foundry Partners LLC now owns 242,470 shares of the technology company's stock valued at $2,645,000 after buying an additional 30,200 shares during the last quarter. Renaissance Technologies LLC raised its position in Eltek by 1.5% during the second quarter. Renaissance Technologies LLC now owns 90,723 shares of the technology company's stock valued at $885,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in Eltek by 10.9% in the third quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company's stock valued at $113,000 after acquiring an additional 1,020 shares during the period. 64.58% of the stock is currently owned by institutional investors and hedge funds.
Eltek Company Profile
(
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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