Looking Into e.l.f. Beauty's Recent Short Interest
Portfolio Pulse from Benzinga Insights
e.l.f. Beauty's (NYSE:ELF) short interest has decreased by 10.03% since the last report, with 2.69 million shares sold short, representing 6.91% of its float. This decrease in short interest could indicate a more bullish sentiment towards ELF among traders. The company's short interest is higher than its peer group average of 6.37%.
April 05, 2024 | 2:15 pm
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e.l.f. Beauty's short interest has decreased, indicating a potential shift towards a more bullish sentiment among traders.
A decrease in short interest typically indicates that fewer traders are betting on the stock's decline, which can be a bullish sign. Given that ELF's short interest is now lower than before, this might reduce selling pressure and potentially lead to a price increase in the short term.
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