 |
|
|
Something new in your business? Click here to submit your business press release Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery |
|
|
NYSE short interest up 3 percent in early January [January 28, 2014] NEW YORK (Reuters) — Short interest on the New York Stock Exchange rose 3 percent in the first half of January, the exchange said on Monday. |
|
As of January 15, short interest rose to about
13.82 billion shares, compared to 13.42 billion shares as of
December 31. 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 is also used as a hedging strategy. (Reporting by Rodrigo Campos; editing by Chris Reese) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
|
 |
|
|
|
|
|
|
