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 18.42% since its last report, with 1.07 million shares sold short, which is 1.8% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, O'Reilly Automotive's short interest as a percentage of float is less, with an average of 12.69%.
October 19, 2023 | 7:45 pm
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O'Reilly Automotive's short interest has increased, indicating a bearish market sentiment. However, its short interest is less than its peers' average.
The increase in short interest indicates that more investors are betting that the stock price will fall, which is a bearish signal. However, the fact that O'Reilly's short interest is less than its peers' average could mean that it is less likely to experience a significant price drop compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100