Peering Into e.l.f. Beauty's Recent Short Interest
Portfolio Pulse from Benzinga Insights
e.l.f. Beauty (NYSE:ELF) has seen a 15.24% increase in its short percent of float, now at 9.98%. This indicates a bearish sentiment among investors, as it would take traders 2.02 days to cover their short positions. The company's short interest is higher than its peers, whose average is 6.66%.
May 24, 2024 | 8:45 pm
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e.l.f. Beauty's short interest has increased by 15.24%, now at 9.98% of float. This suggests a bearish sentiment among investors, as it would take 2.02 days to cover short positions. The company's short interest is higher than its peers' average of 6.66%.
The significant increase in short interest suggests that investors are becoming more bearish on e.l.f. Beauty. This could lead to downward pressure on the stock price in the short term, especially since the short interest is higher than its peers.
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