Nasdaq short interest ticks up in late June

NEW YORK, July 12 (BestGrowthStock) – Short interest on the Nasdaq
edged up 0.13 percent in late June, the exchange said on
Monday, suggesting a slight increase in bearish sentiment in
the stock market.

As of June 30, short interest ticked up to about 7.39
billion shares, or 3.7 days of average daily volume, compared
to 7.38 billion shares as of June 15.

Investors who sell securities “short” profit from betting
stocks will fall. Short-sellers borrow shares and then sell
them, waiting for the stock to fall so they can buy the shares
back at the lower price, return them to the lender and pocket
the difference.
(Reporting by Rodrigo Campos; Editing by James Dalgleish)

Nasdaq short interest ticks up in late June