(ORLY) - Analyzing O'Reilly Automotive's Short Interest
Portfolio Pulse from Benzinga Insights
O'Reilly Automotive's (NYSE:ORLY) short interest has increased by 10.7% since the last report, with 1.21 million shares sold short, representing 2.07% of its float. It would take approximately 2.98 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards ORLY, although it has less short interest compared to its peer group average of 13.22%. This information suggests investors are showing increased bearishness but ORLY is still below the industry average for short interest.
February 19, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
O'Reilly Automotive's short interest has increased, indicating a potential bearish sentiment among investors. However, it remains below the peer average, suggesting relative strength.
The increase in short interest for O'Reilly Automotive suggests that investors might be expecting the stock price to decline, which could lead to a short-term negative impact on the stock price. However, being below the peer average in short interest could mitigate some of the negative sentiment, indicating that while there is increased bearishness, it is not as severe as it could be compared to its peers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90