Looking Into O'Reilly Automotive's Recent Short Interest
Portfolio Pulse from Benzinga Insights
O'Reilly Automotive's (NASDAQ:ORLY) short percent of float has risen 5.26% since its last report, with 964 thousand shares sold short, which is 1.6% of all regular shares available for trading. It would take traders 2.2 days to cover their short positions on average. The company's short interest is less than its peer group average of 15.14%.
June 30, 2023 | 6:45 pm
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Increased short interest in O'Reilly Automotive could indicate bearish market sentiment, but it's less than its peer group average.
Short interest is an indicator of market sentiment. An increase in short interest can signal that investors have become more bearish. However, O'Reilly Automotive's short interest is less than its peer group average, which could mean that the market sentiment towards the company is not as bearish as it is towards its peers.
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