NEW YORK, Oct 9 (Reuters) - Short interest on the New York Stock Exchange fell in late September, the exchange said on Friday, suggesting a decrease in bearish sentiment in the stock market.
As of Sept. 30, short interest fell 3.4 percent to about 13.1 billion shares, compared to 13.5 billion shares as of Sept. 15.
The short interest on Sept. 30 was equal to 3.42 percent of the total shares outstanding.
Investors who sell securities 'short' profit from betting stocks will fall. Short-sellers borrow shares and then sell them, waiting for the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.
((Reporting by Edward Krudy, Editing by Gary Crosse)) Keywords: MARKETS SHORTINTEREST/NYSE (edward.krudy@thomsonreuters.com; +1-646-223-6314; Reuters Messaging: edward.krudy@reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
As of Sept. 30, short interest fell 3.4 percent to about 13.1 billion shares, compared to 13.5 billion shares as of Sept. 15.
The short interest on Sept. 30 was equal to 3.42 percent of the total shares outstanding.
Investors who sell securities 'short' profit from betting stocks will fall. Short-sellers borrow shares and then sell them, waiting for the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.
((Reporting by Edward Krudy, Editing by Gary Crosse)) Keywords: MARKETS SHORTINTEREST/NYSE (edward.krudy@thomsonreuters.com; +1-646-223-6314; Reuters Messaging: edward.krudy@reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.