Short Interest in Elbit Systems Ltd. (NASDAQ:ESLT) Drops By 19.7%

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Short interest in Elbit Systems Ltd. (NASDAQ:ESLT) decreased by 19.7% in February, totaling 142,422 shares, which represents about 0.3% of shares outstanding. The days-to-cover ratio is currently 1.2 days based on average daily trading volume. Despite analysts’ “Hold” consensus rating and a target price significantly below the current trading price of $821.96, the company has a high valuation with a P/E ratio of 83.55 and a market cap of approximately $36.5 billion.

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