NEW YORK, Dec 27 (Reuters) - Short interest on the Nasdaq fell in in the first half of December, the exchange said on Monday.
Through Dec. 15, short interest dipped 3.1 percent to 6.53 billion shares, compared with 6.73 billion shares as of Nov. 30.
Investors who sell securities short seek to profit from a decline in stock prices. They borrow shares and then sell them in hope of buying them back later at a cheaper price, pocketing the difference.
(Reporting by Ryan Vlastelica; Editing by Dan Grebler) Keywords: STOCKS NASDAQ/SHORTINTEREST (ryan.vlastelica@thomsonreuters.com; Tel: +1 646-223-6014; Reuters Messaging: ryan.vlastelica@reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. 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.
Through Dec. 15, short interest dipped 3.1 percent to 6.53 billion shares, compared with 6.73 billion shares as of Nov. 30.
Investors who sell securities short seek to profit from a decline in stock prices. They borrow shares and then sell them in hope of buying them back later at a cheaper price, pocketing the difference.
(Reporting by Ryan Vlastelica; Editing by Dan Grebler) Keywords: STOCKS NASDAQ/SHORTINTEREST (ryan.vlastelica@thomsonreuters.com; Tel: +1 646-223-6014; Reuters Messaging: ryan.vlastelica@reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. 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.