How Is The Market Feeling About O'Reilly Automotive?
Portfolio Pulse from Benzinga Insights
O'Reilly Automotive's short interest has decreased by 11.79%, with 1.16 million shares sold short, representing 2.02% of its float. This is lower than the peer group average of 12.36%, indicating a relatively bullish sentiment compared to its peers.
October 30, 2024 | 7:30 pm
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POSITIVE IMPACT
O'Reilly Automotive's short interest has decreased significantly, suggesting a more bullish sentiment compared to its peers. The current short interest is 2.02% of the float, which is lower than the peer average of 12.36%.
The decrease in short interest by 11.79% indicates that fewer investors are betting against O'Reilly Automotive, which can be interpreted as a sign of increased confidence in the stock. Additionally, the short interest is significantly lower than the peer average, further suggesting a relatively positive market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100