MNV
Market News Video
MNV MNV 10 Stocks Crossing Below Book Value
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Viacom is Oversold
Wednesday, October 11, 11:40 AM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Viacom Becomes #13 Most Shorted Nasdaq 100 Component, Replacing Paychex
Wednesday, October 11, 2:29 PM ET, by Market News Video Staff

The most recent short interest data has been released for the 09/29/2017 settlement date, and ...

The New #179 Most Shorted S&P 500 Component: Alliant Energy
Wednesday, October 11, 2:40 PM ET, by Market News Video Staff

The most recent short interest data has been released for the 09/29/2017 settlement date, and ...

Analysts Forecast 11% Gains Ahead For RTH
Thursday, October 12, 9:06 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Noteworthy Thursday Option Activity: DDS, VIAB, T
Thursday, October 12, 11:42 AM ET, by Market News Video Staff

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...

  More articles:  1 2 next »

O'Reilly Automotive Becomes #40 Most Shorted Nasdaq 100 Component, Replacing Viacom

By Market News Video Staff, Wednesday, September 27, 2:07 PM ET
Play Video: What Short Interest Means


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

The most recent short interest data has been released for the 09/15/2017 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Nasdaq 100 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.

In our new rank based on the most recent short interest data, O'Reilly Automotive, Inc. (NASDAQ:ORLY) has taken over the position of #40 most shorted Nasdaq 100 component, from Viacom Inc (NASDAQ:VIAB) which is now in the #39 spot. The "days to cover" at 09/15/2017 was 4.45 for ORLY, and 4.46 for VIAB; this compares to the average across all Nasdaq 100 components of 4.47 (down from the average back on the 08/31/2017 settlement date of 4.99). The chart below shows the movement over time of the "days to cover" values of both ORLY and VIAB, versus the average Nasdaq 100 component.

Below is a chart showing the relative positions of ORLY versus VIAB over time within the 100 Nasdaq 100 components, with #1 representing the component with the highest "days to cover" value (most heavily shorted) and #100 representing the component with the lowest "days to cover" value (least heavily shorted):

A stock with a high "days to cover" value compared to its peers would be considered to have a higher level of short interest as compared to those peers. This could mean short sellers are using the stock to hedge a long bet elsewhere, or could also mean that short sellers believe the price of the stock will decline. When short sellers eventually cover their positions, by definition there must be buying activity because a share that is currently sold short must be purchased to be covered. So investors tend to keep an eye on that "days to cover" metric, because a high value could predict a sharper price increase should the company put out some unexpectedly good news short sellers might rush to cover positions, and if the "days to cover" number is high, it is more difficult to close those positions without sending the stock higher until the higher price produces enough sellers to generate the necessary volume.

Below is a three month price history chart comparing the stock performance of ORLY vs. VIAB:

ORLY,VIAB Relative Performance Chart

According to the ETF Finder at ETF Channel, ORLY and VIAB collectively make up 53847075.00% of the Guggenheim S&P 500 Equal Weight ETF (RSP) which is relatively unchanged on the day Wednesday.

See what other ETFs contain both ORLY and VIAB
See what other stocks are held by RSP


Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   Nasdaq   ORLY   VIAB   afterLeftLabels   average   because   both   chart   chartBackgroundColor   clientId   compared   component   components   could   cover   data   date   days   fillBelowLine   fillColor   fontFace   gridLocation   high   higher   interest   labelColor   leftBuffer   leftLabelsEvery   metric   most   movingAverages   number   over   period   positions   price   representing   sellers   shares   short   shorted   stock   that   time   total   value   volume   what   which   with
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Chart Zero Stock Market Game Stock Market Definitions
MNV

O'Reilly Automotive Becomes #40 Most Shorted Nasdaq 100 Component, Replacing Viacom | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.