somebody is a bit ahead of me
NYSE short interest rises in August Wednesday August 21, 4:09 pm ET
NEW YORK, Aug. 21 (Reuters) -- Short interest on the New York Stock Exchange, the world's largest equity market, rose in the month ended Aug. 15, the Big Board said on Wednesday. Short interest rose to 8.08 billion shares from 7.55 billion shares in the month ended July 15.
ADVERTISEMENT The August figure, which reflects transactions through Aug. 12, represents 2.3 percent of the total shares traded on the Exchange.
Short selling occurs when investors sell borrowed shares with the hope of buying back the stock at a lower price, returning the stock and profiting from the difference. If stocks start to rally, short sellers are often forced to buy back into the market to cut losses, propelling prices higher.
Short sellers opened positions of 100,000 or more shares for companies including: Christopher & Banks Corp. (NYSE:CBK - News), Interstate Hotels & Resorts Inc. (NYSE:IHR - News), LeapFrog Enterprises (NYSE:LF - News), and Oshkosh Truck Corp. (NYSE:OSK - News). |