Looking Into Eli Lilly's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Eli Lilly's short interest has increased by 14.71%, with 6.27 million shares sold short, representing 0.78% of its float. This is lower than the peer group average of 4.49%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 17, 2024 | 8:45 pm
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Eli Lilly's short interest has increased by 14.71%, with 6.27 million shares sold short, representing 0.78% of its float. This is lower than the peer group average of 4.49%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since Eli Lilly's short interest is still below the peer average, the impact on the stock price may be neutral in the short term. The market sentiment is mixed, and the stock price may not necessarily decline.
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