Peering Into Eli Lilly's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Eli Lilly's (NYSE:LLY) short percent of float has risen 9.23% since its last report, with 5.62 million shares sold short, which is 0.71% of all regular shares available for trading. It would take traders 2.55 days to cover their short positions on average. The company's short interest is less than most of its peers, with an average of 4.29%.
September 20, 2023 | 7:45 pm
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Eli Lilly's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than most of its peers.
The increase in short interest indicates that traders are expecting the price of Eli Lilly's stock to fall. However, the fact that its short interest is less than most of its peers could mean that the bearish sentiment is not as strong for Eli Lilly as it is for other companies in its peer group.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100