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Technology Stocks : AUTOHOME, Inc
ATHM 24.34-3.4%Nov 7 9:30 AM EST
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To: Bob Zacks who wrote (643)11/18/1997 10:32:00 AM
From: ahhaha  Read Replies (2) of 29970
 
Again, short interest in commodities and short interest in stock refer to slightly different notions. With commodities there is the term "open interest" which refers to contracts outstanding net of trades and short interest is the short portion of that quantity. With stock there is a limit to potential short quantity --- total shares outstanding. No doubt that theoretical limit has never been attained because at least the last few shares would be impossible to borrow. With commodities no such limit exists. You could have theoretically an infinite number of contracts struck and open. Further, there is no such thing as a short contract. There are contracts sold short, i.e., sold without holding long contracts (selling the long contracts you hold). "Sold out" is a term we all use to indicate that everyone that wanted to sell, has sold. The term is meaningless.
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