Eltek Ltd. (NASDAQ:ELTK) Short Interest Update

Eltek Ltd. (NASDAQ:ELTKGet Free Report) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 20,300 shares, an increase of 5.7% from the December 31st total of 19,200 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 20,800 shares, the short-interest ratio is currently 1.0 days.

Eltek Price Performance

Shares of Eltek stock opened at $11.19 on Wednesday. The firm has a market cap of $67.92 million, a price-to-earnings ratio of 13.16 and a beta of 0.45. Eltek has a 1 year low of $9.00 and a 1 year high of $22.80. The company has a 50-day moving average of $11.05 and a 200 day moving average of $10.74.

Institutional Trading of Eltek

Several hedge funds and other institutional investors have recently made changes to their positions in ELTK. Sunbelt Securities Inc. increased its stake in Eltek by 10.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company’s stock valued at $113,000 after purchasing an additional 1,020 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of 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 buying an additional 1,300 shares during the last quarter. Finally, Foundry Partners LLC increased its holdings in Eltek by 14.2% in the 3rd quarter. Foundry Partners LLC now owns 242,470 shares of the technology company’s stock worth $2,645,000 after buying an additional 30,200 shares in the last quarter. Hedge funds and other institutional investors own 64.58% of the company’s stock.

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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