Autozone Stock Number Of Shares Shorted
| AZO Stock | USD 3,756 23.41 0.63% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess AutoZone's long-term financial health and intrinsic value.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. AutoZone Company Number Of Shares Shorted Analysis
AutoZone's Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
Current AutoZone Number Of Shares Shorted | 293.71 K |
Most of AutoZone's fundamental indicators, such as Number Of Shares Shorted, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, AutoZone is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
| Competition |
Based on the recorded statements, AutoZone has 293.71 K of outstending shares currently sold short by investors. This is 95.52% lower than that of the Specialty Retail sector and 97.74% lower than that of the Consumer Discretionary industry. The number of shares shorted for all United States stocks is 93.76% higher than that of the company.
AutoZone Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AutoZone's direct or indirect competition against its Number Of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AutoZone could also be used in its relative valuation, which is a method of valuing AutoZone by comparing valuation metrics of similar companies.AutoZone is currently under evaluation in number of shares shorted category among its peers.
AutoZone Fundamentals
| Return On Asset | 0.13 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 75.26 B | ||||
| Shares Outstanding | 16.73 M | ||||
| Shares Owned By Insiders | 0.30 % | ||||
| Shares Owned By Institutions | 94.83 % | ||||
| Number Of Shares Shorted | 293.71 K | ||||
| Price To Earning | 21.95 X | ||||
| Price To Book | 13.38 X | ||||
| Price To Sales | 3.37 X | ||||
| Revenue | 18.49 B | ||||
| Gross Profit | 9.92 B | ||||
| EBITDA | 4.35 B | ||||
| Net Income | 2.66 B | ||||
| Cash And Equivalents | 277.05 M | ||||
| Cash Per Share | 16.55 X | ||||
| Total Debt | 12.37 B | ||||
| Debt To Equity | (5.81) % | ||||
| Current Ratio | 0.77 X | ||||
| Book Value Per Share | (266.18) X | ||||
| Cash Flow From Operations | 3 B | ||||
| Short Ratio | 1.74 X | ||||
| Earnings Per Share | 148.75 X | ||||
| Price To Earnings To Growth | 2.09 X | ||||
| Target Price | 3823.92 | ||||
| Number Of Employees | 75.6 K | ||||
| Beta | 0.54 | ||||
| Market Capitalization | 62.84 B | ||||
| Total Asset | 17.18 B | ||||
| Retained Earnings | (4.42 B) | ||||
| Working Capital | (1.41 B) | ||||
| Current Asset | 4.24 B | ||||
| Current Liabilities | 4.69 B | ||||
| Net Asset | 17.18 B |
About AutoZone Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AutoZone's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AutoZone using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AutoZone based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with AutoZone
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AutoZone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AutoZone will appreciate offsetting losses from the drop in the long position's value.Moving against AutoZone Stock
| 0.74 | NAAS | Naas Technology ADR Earnings Call This Week | PairCorr |
| 0.72 | NVVE | Nuvve Holding Corp | PairCorr |
| 0.71 | FLWS | 1 800 FLOWERSCOM | PairCorr |
| 0.7 | RH | RH | PairCorr |
| 0.68 | BQ | Boqii Holding Limited | PairCorr |
The ability to find closely correlated positions to AutoZone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoZone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AutoZone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AutoZone to buy it.
The correlation of AutoZone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AutoZone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoZone moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AutoZone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out AutoZone Piotroski F Score and AutoZone Altman Z Score analysis. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoZone. If investors know AutoZone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoZone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of AutoZone is measured differently than its book value, which is the value of AutoZone that is recorded on the company's balance sheet. Investors also form their own opinion of AutoZone's value that differs from its market value or its book value, called intrinsic value, which is AutoZone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoZone's market value can be influenced by many factors that don't directly affect AutoZone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AutoZone's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoZone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoZone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.