Peering Into O'Reilly Automotive's Recent Short Interest
Portfolio Pulse from Benzinga Insights
O'Reilly Automotive (NYSE:ORLY) has seen a 3.66% increase in its short percent of float, now at 1.7% of all regular shares available for trading. This is lower than the peer group average of 12.82%. The increase in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
June 20, 2024 | 8:15 pm
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O'Reilly Automotive's short interest has increased by 3.66%, now at 1.7% of float. This is lower than the peer average of 12.82%. The rise in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
The increase in short interest suggests that more investors are betting against the stock, which can be a bearish signal. However, the short interest is still lower than the peer average, and it doesn't necessarily mean the stock will fall in the near term.
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