NYSE short interest fell 1.8 percent in late October
SPY•Short interest on the New York Stock Exchange fell 1.8% to about 23.266 billion shares as of Oct. 30, from 23.693 billion on Oct. 15.
1. Short interest declines
Short interest on the New York Stock Exchange fell 1.8% in late October, the exchange said. As of Oct. 30, it was about 23.266 billion shares, down from 23.693 billion as of Oct. 15.
2. How short selling works
Investors who sell short borrow and sell shares, expecting to buy them back at a lower price, return them to the lender and keep the difference.
