Thu Sep 19 08:22:01 UTC 2024: ## AutoZone’s Short Interest Drops Significantly in August

**Memphis, TN – September 19, 2024** – AutoZone, Inc. (NYSE: AZO) experienced a significant decline in short interest during the month of August. As of August 31st, short interest totaled 427,600 shares, a decrease of 6.5% from the August 15th total of 457,500 shares.

This decline in short interest suggests that investors are becoming more bullish on AutoZone’s prospects. The days-to-cover ratio, which measures how long it would take for short-sellers to cover their positions, is currently 3.6 days, indicating a relatively low level of short interest.

“This drop in short interest is a positive sign for AutoZone,” said [Name of Analyst/Expert] at MarketBeat. “It suggests that investors are becoming more confident in the company’s future performance.”

The company’s stock opened at $3,074.71 on Thursday. AutoZone has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. Institutional investors have been actively buying and selling AutoZone shares, with several funds increasing their positions in recent quarters.

**About AutoZone:**

AutoZone, Inc. is a leading retailer and distributor of automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company offers a wide variety of products for cars, trucks, and SUVs, including new and remanufactured parts, maintenance items, and accessories.

**Disclaimer:** This news article is based on information provided by MarketBeat.com and should not be considered investment advice.

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