(ORLY) - Analyzing O'Reilly Automotive's Short Interest
Portfolio Pulse from Benzinga Insights
O'Reilly Automotive's (NYSE:ORLY) short interest has decreased by 22.22%, with 941 thousand shares sold short, representing 1.61% of its float. This decline in short interest, which now takes traders approximately 2.11 days to cover, could indicate a more bullish sentiment towards ORLY compared to its peers, where the average short interest as a percentage of float is 13.17%.
March 19, 2024 | 8:00 pm
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O'Reilly Automotive's short interest has significantly decreased, indicating a potential bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For ORLY, this decrease is substantial when compared to its peers, suggesting a stronger bullish sentiment. This could lead to a short-term positive impact on ORLY's stock price as market sentiment shifts.
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