Nasdaq short interest up 0.3% in early October
NDAQ•Short interest on the Nasdaq rose 0.3% in the first half of October to about 23.156 billion shares as of Oct. 15, from 23.094 billion shares on Sept. 30.
1. Short interest rises
Short interest on the Nasdaq rose 0.3% in the first half of October, the exchange said. As of Oct. 15, short interest totaled about 23.156 billion shares, compared with 23.094 billion shares as of Sept. 30.
2. How short selling works
Investors who sell securities short borrow shares and sell them, expecting the stock to fall so they can buy the shares back at a lower price, return them to the lender and pocket the difference. Shorting can also be part of a hedging strategy.
