Eltek Ltd. (NASDAQ:ELTK) Short Interest Update

Eltek Ltd. (NASDAQ:ELTK) was the recipient of a large 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 trading volume of 20,800 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the shares of the stock are sold short.

Eltek Trading Down 2.9 %

NASDAQ:ELTK traded down $0.33 during trading hours on Friday, reaching $11.03. 3,404 shares of the company were exchanged, compared to its average volume of 16,468. The firm has a market cap of $66.92 million, a PE ratio of 12.97 and a beta of 0.45. Eltek has a twelve month low of $9.00 and a twelve month high of $22.80. The stock’s 50-day moving average is $11.03 and its 200-day moving average is $10.65.

Institutional Trading of Eltek

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its holdings in Eltek by 10.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company’s stock worth $113,000 after buying an additional 1,020 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Eltek by 1.5% in 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, Foundry Partners LLC boosted its stake in shares of Eltek by 14.2% in the third 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 last quarter. Hedge funds and other institutional investors own 64.58% of the company’s stock.

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.