Elanco Animal Health Short Interest Ratio and Short Volume

-0.63 (-2.02 %)
(As of 04/22/2021 12:00 AM ET)
Today's Range
Now: $30.56
50-Day Range
MA: $30.52
52-Week Range
Now: $30.56
Volume5.14 million shs
Average Volume3.91 million shs
Market Capitalization$14.45 billion
P/E RatioN/A
Dividend YieldN/A

Short Interest

Elanco Animal Health (NYSE:ELAN) Short Interest Data

Current Short Volume9,240,000 shares
Previous Short Volume10,310,000 shares
Change Vs. Previous Month-10.38%
Dollar Volume Sold Short$271.66 million
Short Interest Ratio / Days to Cover2.3
Last Record DateMarch, 31 2021
Outstanding Shares372,970,000 shares
Percentage of Shares Shorted1.95%
Today's Trading Volume5,137,567 shares
Average Trading Volume3,913,688 shares
Today's Volume Vs. Average31.27%

Short Interest Over Time

Elanco Animal Health (NYSE:ELAN) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/20219,240,000 shares $271.66 million -10.4%N/A2.3 $29.40
3/15/202110,310,000 shares $287.13 million +5.3%N/A2.8 $27.85
2/26/20219,790,000 shares $320.52 million -3.4%N/A2.5 $32.74
2/12/202110,130,000 shares $332.87 million -9.7%N/A2.5 $32.86
1/29/202111,220,000 shares $326.17 million -13.2%N/A2.5 $29.07
1/15/202112,930,000 shares $381.44 million -1.9%N/A3 $29.50
12/31/202015,320,000 shares $483.19 million -22.0%N/A3 $31.54
12/15/202015,320,000 shares $468.79 million -22.0%N/A3 $30.60
11/30/202019,650,000 shares $589.70 million -14.2%N/A3.9 $30.01
11/15/202022,890,000 shares $700.21 million +24.8%N/A5.2 $30.59
10/30/202018,340,000 shares $552.95 million -0.1%N/A4.4 $30.15
10/15/202018,360,000 shares $579.26 million -30.1%N/A3.9 $31.55
9/30/202026,260,000 shares $861.85 million +7.7%N/A5.6 $32.82
9/15/202024,390,000 shares $654.87 million +13.8%7.5%5.5 $26.85
8/31/202021,440,000 shares $582.74 million -12.9%6.6%4.9 $27.18
8/14/202024,620,000 shares $708.32 million +41.3%7.6%5.2 $28.77
7/31/202017,420,000 shares $446.13 million +31.3%N/A3.5 $25.61
7/15/202013,270,000 shares $313.57 million +8.0%N/A3 $23.63
6/30/202012,290,000 shares $289.92 million -2.2%N/A2.8 $23.59
6/15/202012,560,000 shares $266.40 million +14.2%N/A2.8 $21.21
5/29/202011,000,000 shares $235.40 million -6.9%N/A2.2 $21.40
5/15/202011,810,000 shares $252.85 million +16.1%N/A2.2 $21.41
4/30/202010,170,000 shares $214.89 million -13.1%N/A2 $21.13
4/15/202011,700,000 shares $243.01 million -8.5%N/A2.1 $20.77
3/31/202012,780,000 shares $304.80 million -9.4%N/A2 $23.85

Elanco Animal Health (NYSE:ELAN) Short Interest FAQ

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What is Elanco Animal Health's current short interest?

Short interest is the volume of Elanco Animal Health shares that have been sold short but have not yet been covered or closed out. As of March 31st, investors have sold 9,240,000 shares of ELAN short.

What is a good short interest ratio for Elanco Animal Health?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. Elanco Animal Health currently has a short interest ratio of 2.0.

Is Elanco Animal Health's short interest increasing or decreasing?

Elanco Animal Health saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 9,240,000 shares, a drop of 10.4% from the previous total of 10,310,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

How does Elanco Animal Health's short interest compare to its competitors?

0.00% of Elanco Animal Health's shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to Elanco Animal Health: Vertex Pharmaceuticals Incorporated (0.00%), Takeda Pharmaceutical Company Limited (0.30%), Regeneron Pharmaceuticals, Inc. (2.16%), Alexion Pharmaceuticals, Inc. (3.58%), BeiGene, Ltd. (0.00%), Astellas Pharma Inc. (0.00%), Shiseido Company, Limited (0.00%), Royalty Pharma plc (6.01%), Genmab A/S (0.00%), and Genmab A/S (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Elanco Animal Health stock?

Short selling ELAN is an investing strategy that aims to generate trading profit from Elanco Animal Health as its price is falling. Elanco Animal Health's stock is trading down $0.63 today. To short Elanco Animal Health stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that Elanco Animal Health will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against Elanco Animal Health?

A short squeeze for Elanco Animal Health occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of ELAN, which in turn drives the price of the stock up even further.

How often is Elanco Animal Health's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including ELAN, twice per month. The most recent reporting period available is March, 31 2021.

This page was last updated on 4/22/2021 by MarketBeat.com Staff
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