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Is Eltek LTD. – Ordinary Shares (NASDAQ:ELTK)’s Fuel Running Low? Reports Show More Sellers

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The stock of Eltek LTD. – Ordinary Shares (NASDAQ:ELTK) registered an increase of 30.58% in short interest. ELTK’s total short interest was 87,100 shares in November as published by FINRA. Its up 30.58% from 66,700 shares, reported previously. With 1.39M shares average volume, it will take short sellers 0 days to cover their ELTK’s short positions. The short interest to Eltek LTD. – Ordinary Shares’s float is 9.89%.

The stock increased 3.53% or $0.12 during the last trading session, reaching $3.52. About 52,711 shares traded. Eltek Ltd. (NASDAQ:ELTK) has risen 2.56% since November 2, 2018 and is uptrending. It has outperformed by 2.56% the S&P500.

Eltek Ltd. manufactures, markets, and sells printed circuit boards in Israel, Europe, North America, and Asia. The company has market cap of $15.42 million. It provides a range of custom designed PCBs, such as rigid, double-sided, and multi-layer PCBs; and flexible circuitry, including flex and flex rigid boards. It currently has negative earnings. The firm serves manufacturers of defense and aerospace, medical, industrial, telecom, and networking equipment, as well as contract electronic manufacturers and other industries.

More notable recent Eltek Ltd. (NASDAQ:ELTK) news were published by: Seekingalpha.com which released: “Microcaps top tech movers – Seeking Alpha” on August 28, 2019, also Seekingalpha.com with their article: “AEO, CRK, LL and TOPS among midday movers – Seeking Alpha” published on September 04, 2019, Seekingalpha.com published: “AMBA, OIBR.C and YEXT among tech movers – Seeking Alpha” on August 30, 2019. More interesting news about Eltek Ltd. (NASDAQ:ELTK) were released by: Seekingalpha.com and their article: “PLUG, AMRN among premarket gainers – Seeking Alpha” published on May 29, 2019 as well as Benzinga.com‘s news article titled: “24 Stocks Moving In Monday’s Pre-Market Session – Benzinga” with publication date: June 10, 2019.

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