(ORLY) - Analyzing O'Reilly Automotive's Short Interest
Portfolio Pulse from Benzinga Insights
O'Reilly Automotive's (NYSE:ORLY) short percent of float has risen 18.42% since its last report, with 1.07 million shares sold short, which is 1.8% of all regular shares available for trading. It would take traders 2.85 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 12.69%.
October 03, 2023 | 7:45 pm
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O'Reilly Automotive's short interest has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
The increase in short interest indicates that traders are expecting the price of O'Reilly Automotive's stock to fall. However, the fact that it has less short interest than most of its peers could mean that it is less likely to experience a significant price drop.
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RELEVANCE 100