Herbalife (HLF) Sees Slight Drop in Short Interest Into Q4 Results
Herbalife (NYSE: HLF) is slumping in early trading Thursday amid a little bit of positive news on the technical front.
The latest market data points to short interest on the stock dropping 1.72 percent from the end of January through February 15, 2013. Total short interest is at 33.6 million shares, or 31.61 percent of float.
The drop came just ahead of fourth-quarter 2012 results, which were released on February 19th. Herbalife reported stronger than expected earnings and boosted its outlook in the process. For a brief summary of the report, click here.
Shares of Herbalife are down about 0.7 percent.
The latest market data points to short interest on the stock dropping 1.72 percent from the end of January through February 15, 2013. Total short interest is at 33.6 million shares, or 31.61 percent of float.
The drop came just ahead of fourth-quarter 2012 results, which were released on February 19th. Herbalife reported stronger than expected earnings and boosted its outlook in the process. For a brief summary of the report, click here.
Shares of Herbalife are down about 0.7 percent.