(LLY) - Analyzing Eli Lilly's Short Interest
Portfolio Pulse from Benzinga Insights
Eli Lilly's (NYSE:LLY) short percent of float has fallen 5.26% since its last report, with 5.68 million shares sold short, which is 0.72% of all regular shares available for trading. This decrease in short interest can signal that investors have become more bullish. Eli Lilly's peer group average for short interest as a percentage of float is 3.54%, indicating the company has less short interest than most of its peers.
July 11, 2023 | 6:00 pm
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Eli Lilly's short interest has decreased, indicating a more bullish sentiment among investors. The company has less short interest than most of its peers.
A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. Additionally, having less short interest than most of its peers could indicate that the market views Eli Lilly more favorably, which could also positively impact the stock's price.
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