NEW YORK, May 9 (Reuters) - Short interest on the Nasdaq
rose 0.09% in late April, the exchange said on Tuesday.
As of April 28, short interest rose to about 12.92 billion
shares, compared with 12.91 billion shares as of April 14.
Investors who sell securities 'short' borrow shares and then
sell them, expecting the stock to fall so they can buy the
shares back at the lower price, return them to the lender and
pocket the difference.
Shorting can also be part of a hedging strategy.
(Reporting by Chuck Mikolajczak)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.