Nasdaq short interest up 5.6% in first half of March
- U.S. stocks close down on news of Biden tax proposal
- Biden To Propose Capital Gains Tax As High As 43.4% For Wealthy - Bloomberg
- Intel (INTC) Tops Q1 EPS by 24c, Offers Guidance
- Snap (SNAP) Tops Q1 EPS by 5c, DAUs were 280 million, Offers Guidance
FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
NEW YORK (Reuters) - Short interest on the Nasdaq rose 5.6% in the first half of March, the exchange said on Wednesday.
As of March 15, short interest rose to about 9.980 billion shares, compared with 9.455 billion shares as of Feb. 26.
Investors who sell securities "short" borrow shares and then sell them, hoping the stock will fall so they can buy the shares back at a lower price, return them to the lender and pocket the difference in price.
Shorting can also be part of a hedging strategy.
(Reporting by Caroline Valetkevitch; Editing by Leslie Adler)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mattel mulls tapping into NFT craze after Barbie drives quarterly sales
- Biden set to nominate Homendy to head U.S. NTSB
- West faces a moment of reckoning over technology, UK top cyber spy says