NYSE Short Interest, Last Six Months
Source: New York Stock Exchange
Nasdaq Short Interest, Last Six Months
After five straight months of rising short interest (and four records), the
New York Stock Exchange
reported last 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.
After reaching new highs in the last period, short interest in
securities also fell in the latest period ended Jan. 12, as expected. According to Nasdaq, short interest fell 1.3% to 3,452,282,664 shares from a record 3,497,263,482 shares at the last reporting, Nasdaq reported Wednesday.
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.
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