Elanco Animal Health Incorporat (NYSE:ELAT) Short Interest Up 22.2% in April

Elanco Animal Health Incorporat (NYSE:ELAT – Get Rating) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 78,700 shares, a growth of 22.2% from the March 31st total of 64,400 shares. Based on an average daily trading volume, of 22,200 shares, the days-to-cover ratio is presently 3.5 days.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada acquired a new position in shares of Elanco Animal Health Incorporat in the second quarter valued at approximately $32,000. Morgan Stanley increased its holdings in shares of Elanco Animal Health Incorporat by 13.3% in the second quarter. Morgan Stanley now owns 5,587 shares of the company’s stock valued at $297,000 after purchasing an additional 654 shares during the period. HighTower Advisors LLC acquired a new position in shares of Elanco Animal Health Incorporat in the third quarter valued at approximately $640,000. Palisade Capital Management LLC NJ increased its holdings in shares of Elanco Animal Health Incorporat by 3.2% in the fourth quarter. Palisade Capital Management LLC NJ now owns 31,217 shares of the company’s stock valued at $1,388,000 after purchasing an additional 959 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in shares of Elanco Animal Health Incorporat in the fourth quarter valued at approximately $1,625,000.

Shares of Elanco Animal Health Incorporat stock traded down $0.64 during trading on Tuesday, reaching $39.41. The company’s stock had a trading volume of 4,307 shares, compared to its average volume of 19,624. Elanco Animal Health Incorporat has a fifty-two week low of $39.02 and a fifty-two week high of $56.00. The company has a 50-day moving average price of $41.58 and a two-hundred day moving average price of $43.95.

The firm also recently announced a quarterly dividend, which was paid on Sunday, May 1st. Stockholders of record on Thursday, April 14th were issued a $0.625 dividend. The ex-dividend date was Wednesday, April 13th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.34%.

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