Elanco Animal Health (ELAN) Short Interest Up 64.8% in October
Elanco Animal Health (NASDAQ:ELAN) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 2,608,639 shares, a growth of 64.8% from the October 15th total of 1,583,326 shares. Based on an average daily trading volume, of 1,149,589 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.6% of the shares of the company are sold short.
In related news, Director Lawrence Erik Kurzius acquired 10,000 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was bought at an average cost of $24.00 per share, with a total value of $240,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey N. Simmons acquired 22,000 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were bought at an average cost of $24.00 per share, with a total value of $528,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 33,000 shares of company stock worth $792,000 in the last 90 days.
Several institutional investors and hedge funds have recently bought and sold shares of ELAN. Tower Research Capital LLC TRC acquired a new position in Elanco Animal Health during the third quarter worth $224,000. United Services Automobile Association acquired a new position in Elanco Animal Health during the third quarter worth $234,000. Rockefeller Capital Management L.P. acquired a new position in Elanco Animal Health during the third quarter worth $274,000. LPL Financial LLC acquired a new position in Elanco Animal Health during the third quarter worth $313,000. Finally, Partner Investment Management L.P. acquired a new position in Elanco Animal Health during the third quarter worth $332,000.
Shares of ELAN traded up $0.97 during mid-day trading on Friday, hitting $33.57. The company’s stock had a trading volume of 1,087,228 shares, compared to its average volume of 1,533,614. Elanco Animal Health has a 1-year low of $30.10 and a 1-year high of $37.61.
Elanco Animal Health (NASDAQ:ELAN) last posted its quarterly earnings results on Tuesday, November 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The business had revenue of $761.10 million during the quarter, compared to analyst estimates of $766.26 million. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share.
COPYRIGHT VIOLATION NOTICE: This story was first posted by Marea Informative and is the property of of Marea Informative. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.mareainformativa.com/news/2018/12/08/short-interest-in-elanco-animal-health-elan-rises-by-64-8-updated-updated-updated.html.
About Elanco Animal Health
There is no company description available for Elanco Animal Health Inc
Read More: What are the Benefits of Index Funds?
Receive News & Ratings for Elanco Animal Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elanco Animal Health and related companies with MarketBeat.com's FREE daily email newsletter.