OReilly Automotive (ORLY) : The traders have covered their outstanding shorts in OReilly Automotive (ORLY) to the tune of -227,242 shares, a change of -3.9%. As on Jul 29, 2016, the outstanding shorts on the stock were 5,778,593 shares, however, by August 15, 2016, the shorts had reduced to 5,551,351 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 6% of the free float of the stock. It takes 11 days to cover the outstanding short positions. The stock has an average daily volume of 528,561 shares. The short interest information was released on Wednesday Aug 24th after the market close.
OReilly Automotive (NASDAQ:ORLY): The stock opened at $284.48 on Wednesday but the bulls could not build on the opening and the stock topped out at $286.69 for the day. The stock traded down to $283.71 during the day, due to lack of any buying support eventually closed down at $284.45 with a loss of -0.25% for the day. The stock had closed at $285.15 on the previous day. The total traded volume was 394,401 shares.
In a related news, The Securities and Exchange Commission has divulged that Beckham Brad W, officer (SVP OF CENTRAL STORE OPS/SALES) of O Reilly Automotive Inc, had unloaded 4,000 shares at an average price of $285.49 in a transaction dated on August 18, 2016. The total value of the transaction was worth $1,141,960.
OReilly Automotive, Inc. (OReilly) is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Companys stores carry a product line, including new and remanufactured automotive hard parts, maintenance items and various automotive accessories. As of December 31, 2014, the Company owned and operated 4,366 stores in 43 states, servicing both the do-it-yourself (DIY) customers and the professional service providers. OReillys stores offer new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.