Nasdaq short interest up 4.0% in late March
Tweet
Share
E-mail
FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. REUTERS/Jeenah Moon
NEW YORK, April 12 (Reuters) - Short interest on the Nasdaq rose 4.0% in the second half of March, the exchange said on Wednesday.
As of March 31, short interest rose to about 12.834 billion shares, compared with 12.345 billion shares as of March 15.
Investors who sell securities 'short' borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.
Shorting can also be part of a hedging strategy.
(U.S. markets team)
((+1-646-223-6344))
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Equity risk premium falls to 2002 levels. What it means for stocks
- Wall St climbs after August inflation report, oil price slide
- Traders Fully Price In Fed Rate Hike In October After PPI Data, September Odds Improve to 70%
Create E-mail Alert Related Categories
General News, Reuters, Short SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
