Peering Into Eli Lilly's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Eli Lilly's (NYSE:LLY) short percent of float has risen 11.27% since its last report, with 6.27 million shares sold short, which is 0.79% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards the stock. However, compared to its peers, Eli Lilly has less short interest as a percentage of float, with an average of 3.03%.
October 09, 2023 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Eli Lilly's short interest has increased, indicating a bearish market sentiment. However, it has less short interest compared to 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 it has less short interest compared to its peers could mean that the market sentiment towards Eli Lilly is less bearish than towards its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100