Ollie's Bargain Outlet Hldg

OLLI

Ollie's Bargain Outlet is an American chain of discount retail stores founded in 1982 by Morton Bernstein and Mark L. Butler with backing from Harry Coverman and Oliver "Ollie" Rosenberg. The first store was opened in Mechanicsburg, Pennsylvania, just outside Harrisburg. As of August 2020, the chain has 370 locations in 25 states.Ollie's stores feature its namesake co-founder Oliver E. Rosenberg, in the form of humorous caricatures throughout its stores' interiors, merchandising displays and on its logo and exterior signage. Rosenberg, a capital area realtor and entrepreneur, died in 1996 at age 75.

Ollie's Bargain Outlet Hldg has been a target of short sellers for a while. The current short interest of 13.07% is significantly above the average of the last 12 months (8.60%).