NYSE Short Interest, Last Six Months
Source: New York Stock Exchange
Nasdaq Short Interest, Last Six Months 2000
After five straight months of rising short interest (and four records), the
New York Stock Exchange
reported on Friday that short interest fell 3% in the latest period ended Jan. 12. Short interest now stands at 4,728,525,220 shares, down 147,340,024 shares from last month, when it stood at a record 4,875,865,244 shares. The short interest on Jan. 12 was equal to 1.4% of the total shares on the exchange, according to the NYSE.
surprise rate cut in January, along with a rising stock market, no doubt played a part in the reduction of short interest. Just as we
wrote last month -- right here in this space -- if the market ever begins to move upward short-sellers will probably begin to cover (or buy back) some of their shorts. That's exactly what happened.
reports its short interest figures on Jan. 25, we'd expect to see a reduction in the number of shares sold short there as well.
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