(ORLY) - Analyzing O'Reilly Automotive's Short Interest
Portfolio Pulse from Benzinga Insights
O'Reilly Automotive's (NYSE:ORLY) short interest has decreased by 13.25% since the last report, with 1.26 million shares sold short, representing 2.16% of available shares. The average time to cover these short positions is 3.87 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, O'Reilly Automotive has a lower short interest percentage of float, with the peer group average at 13.59%.
December 14, 2023 | 3:30 pm
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O'Reilly Automotive's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price as short sellers cover their positions. However, the article also cautions that this does not necessarily mean the stock will rise in the near term. The confidence score is not at the maximum because the market can be unpredictable and other factors could influence the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100