What’s Next for Ollies Bargain Outlet Holdings Inc (NASDAQ:OLLI) After Having Less Shares Shorted?

October 11, 2018 - By Marie Mckinney

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Logo

The stock of Ollies Bargain Outlet Holdings Inc (NASDAQ:OLLI) registered a decrease of 2.73% in short interest. OLLI’s total short interest was 4.73M shares in October as published by FINRA. Its down 2.73% from 4.86 million shares, reported previously. With 583,300 shares average volume, it will take short sellers 8 days to cover their OLLI’s short positions. The short interest to Ollies Bargain Outlet Holdings Inc’s float is 8.88%.

The stock decreased 0.61% or $0.53 during the last trading session, reaching $86.83. About 134,688 shares traded. Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has risen 97.93% since October 11, 2017 and is uptrending. It has outperformed by 82.31% the S&P500.

OllieÂ’s Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. The company has market cap of $5.44 billion. The firm offers food products, housewares, books and stationery products, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting goods, pet products, luggage, automotive, seasonal, furniture, summer furniture, and lawn and garden. It has a 38.17 P/E ratio. As of January 28, 2017, it operated 234 OllieÂ’s Bargain Outlet locations across 19 states in the United States.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Ratings Coverage

Among 10 analysts covering Ollie’s Bargain Outlet (NASDAQ:OLLI), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Ollie’s Bargain Outlet had 21 analyst reports since April 18, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Citigroup given on Monday, July 9. As per Thursday, September 6, the company rating was maintained by KeyBanc Capital Markets. The stock of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) earned “Hold” rating by Wells Fargo on Wednesday, June 6. Wells Fargo maintained it with “Market Perform” rating and $86 target in Thursday, September 6 report. Bank of America downgraded Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) rating on Friday, June 22. Bank of America has “Underperform” rating and $68 target. The firm has “Equal-Weight” rating given on Wednesday, June 6 by Morgan Stanley. Goldman Sachs initiated the shares of OLLI in report on Wednesday, May 16 with “Buy” rating. Buckingham Research maintained Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) rating on Thursday, September 6. Buckingham Research has “Neutral” rating and $90 target. The stock of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has “Buy” rating given on Tuesday, April 24 by KeyBanc Capital Markets. The stock has “Sell” rating by Citigroup on Thursday, June 7.

More recent Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) news were published by: Fool.com which released: “3 Reasons Ollie’s Bargain Outlets Is Still a Buy” on September 16, 2018. Also Nasdaq.com published the news titled: “What’s Behind Ollie’s Bargain (OLLI) Bullish Run on Bourses?” on September 18, 2018. Globenewswire.com‘s news article titled: “Recent Analysis Shows Expeditors International of Washington, Realty Income, Ollie’s Bargain Outlet, SEI Investments …” with publication date: October 05, 2018 was also an interesting one.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Ratings Chart

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