Eltek Ltd. (NASDAQ:ELTK) Short Interest Update

Eltek Ltd. (NASDAQ:ELTK) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 83,300 shares, a growth of 60.8% from the February 29th total of 51,800 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 147,300 shares, the days-to-cover ratio is presently 0.6 days.

Eltek Price Performance

Shares of Eltek stock traded up $0.08 on Friday, hitting $11.14. The company had a trading volume of 40,331 shares, compared to its average volume of 142,224. The firm has a market capitalization of $67.62 million, a P/E ratio of 10.41 and a beta of -1.82. Eltek has a twelve month low of $3.84 and a twelve month high of $22.80. The stock has a 50-day moving average of $14.81 and a 200-day moving average of $12.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its position in shares of Eltek by 5.6% in the fourth quarter. UBS Group AG now owns 15,798 shares of the technology company’s stock worth $220,000 after purchasing an additional 832 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Eltek by 9.9% in the first quarter. Renaissance Technologies LLC now owns 62,454 shares of the technology company’s stock worth $259,000 after purchasing an additional 5,631 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Eltek in the second quarter worth $56,000. Jump Financial LLC bought a new stake in shares of Eltek in the fourth quarter worth $183,000. Finally, Citadel Advisors LLC bought a new stake in shares of Eltek in the fourth quarter worth $349,000. Institutional investors and hedge funds own 64.58% of the company’s stock.

About Eltek

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 offers high density interconnect, flex-rigid, and multi-layered boards.