NEW YORK, April 12 (Reuters) - Short interest on the Nasdaq rose 4.0% in the second half of March, the exchange said on Wednesday.
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.
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:
