(LLY) - Analyzing Eli Lilly's 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, which is 3.28% on average.
October 25, 2023 | 5:15 pm
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Eli Lilly's short interest has increased, indicating a bearish market sentiment. However, its short interest is less than its peers, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment towards the stock. However, Eli Lilly's short interest is less than its peers, which could mean that the market is less bearish on Eli Lilly compared to its peers. This could potentially limit the downside risk for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100