How Is The Market Feeling About e.l.f. Beauty?
Portfolio Pulse from Benzinga Insights
e.l.f. Beauty (NYSE:ELF) has seen a 19.42% increase in its short percent of float, now at 11.44%, indicating a bearish sentiment compared to its peers with an average of 6.33%. This could signal potential volatility in the stock's price.
October 07, 2024 | 6:00 pm
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e.l.f. Beauty's short interest has increased by 19.42%, now at 11.44% of float, indicating a bearish sentiment. This is higher than its peers' average of 6.33%, suggesting potential volatility in the stock price.
The increase in short interest suggests that investors are more bearish on e.l.f. Beauty compared to its peers. This could lead to increased volatility in the stock price as traders may anticipate a price drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100