Elanco Animal Health Incorporat (NYSE:ELAT) Short Interest Update

Elanco Animal Health Incorporat (NYSE:ELATGet Rating) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 96,100 shares, an increase of 22.1% from the April 15th total of 78,700 shares. Based on an average daily volume of 21,600 shares, the days-to-cover ratio is presently 4.4 days.

A number of institutional investors and hedge funds have recently bought and sold shares of ELAT. Royal Bank of Canada bought a new stake in shares of Elanco Animal Health Incorporat during the 2nd quarter worth $32,000. McIlrath & Eck LLC bought a new stake in shares of Elanco Animal Health Incorporat during the 1st quarter worth $41,000. Morgan Stanley raised its stake in shares of Elanco Animal Health Incorporat by 13.3% during the 2nd quarter. Morgan Stanley now owns 5,587 shares of the company’s stock worth $297,000 after purchasing an additional 654 shares during the period. Jane Street Group LLC bought a new stake in shares of Elanco Animal Health Incorporat during the 1st quarter worth $391,000. Finally, HighTower Advisors LLC bought a new stake in shares of Elanco Animal Health Incorporat during the 3rd quarter worth $640,000.

ELAT opened at $37.74 on Wednesday. The firm’s fifty day moving average price is $40.27 and its two-hundred day moving average price is $42.91. Elanco Animal Health Incorporat has a 1 year low of $33.80 and a 1 year high of $56.00.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, May 1st. Shareholders of record on Thursday, April 14th were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend was Wednesday, April 13th.

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