September 24, 2021
(Reuters) -Nasdaq short sales fell 0.07% in the first two weeks of September, the exchange said Friday.
As of September 15, short sales fell from 11,023 million shares as of August 31, to about 11,014 million shares.
Investors who sell securities “short” borrow and sell stocks. As expected, the stock price will drop, so you can buy back the stock at a cheaper price and return it to the lender to put the difference in your pocket.
Shorts can also be part of a hedging strategy.
(Report by Sinéad Carew; edited by Leslie Adler)
Nasdaq short-selling ratio fell 0.07% in mid-September
Source link Nasdaq short-selling ratio fell 0.07% in mid-September