How Is The Market Feeling About Eli Lilly?
Portfolio Pulse from Benzinga Insights
Eli Lilly (NYSE:LLY) has seen a decrease in short interest, with the short percent of float dropping 3.12% since the last report. The company has 4.89 million shares sold short, which is 0.62% of available shares, with a cover time of 1.47 days based on trading volume. This decline in short interest may indicate a more bullish sentiment towards LLY compared to its peers, which have an average short interest of 3.81% of float.
January 29, 2024 | 1:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Eli Lilly's short interest has decreased, indicating a potentially more bullish sentiment among investors. The company's short interest is below the peer group average, which could be seen as a positive sign.
The decrease in short interest for Eli Lilly suggests that investors may be less bearish on the stock, potentially leading to a short-term increase in its price. The comparison with peers showing lower short interest for LLY could attract positive attention from investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100