Peering Into O'Reilly Automotive's Recent Short Interest
Portfolio Pulse from Benzinga Insights
O'Reilly Automotive's (NYSE:ORLY) short percent of float has risen 12.62% since its last report, with 691 thousand shares sold short, which is 1.16% of all regular shares available for trading. It would take traders 2.07 days to cover their short positions on average. The company's short interest is less than its peer group average of 12.42%.
September 07, 2023 | 8:45 pm
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O'Reilly Automotive's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
The increase in short interest indicates that traders are expecting the price of O'Reilly Automotive's stock to fall. However, the fact that its short interest is less than its peer group average suggests that the bearish sentiment is not as strong compared to other similar companies. This could potentially limit the downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100