(ORLY) - Analyzing O'Reilly Automotive's Short Interest
Portfolio Pulse from Benzinga Insights
O'Reilly Automotive's (NYSE:ORLY) short percent of float has fallen 25.63% since its last report, with 715 thousand shares sold short, which is 1.19% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, O'Reilly Automotive has less short interest as a percentage of float, with an average of 13.64%.
July 21, 2023 | 2:00 pm
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O'Reilly Automotive's short interest has decreased, potentially indicating a more bullish sentiment towards the stock.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term.
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