Lyft Stock Is Getting Lifted: What's Going On?

Lyft, Inc. LYFT shares are getting a lift on Monday continuing the stock's upward momentum of the last five days.

What To Know:

Shares of LYFT are up by 18% over the last 30 days and are trading over 10% higher on Monday.  Lyft's ride-sharing competitor, Uber Technologies, Inc. UBER, has risen more than 35% over the past three months.

According to data from Benzinga, LYFT has garnered some attention from short sellers with 13.6% of available shares being sold short. 

According to data from Benzinga Pro, nearly 12 million shares of LYFT have been traded on Monday compared to the 100-day average of 17.58 million shares.

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LYFT Price Action: According to data from Benzinga Pro, Lyft shares are trading 10.2% higher at $11.15 at the time of publication.

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