NYSE short interest eases in mid-July

NEW YORK, July 26 (BestGrowthStock) – Short interest on the New
York Stock Exchange fell 1.2 percent in mid-July, the exchange
said on Monday.

As of July 15, short interest eased to about 13.76 billion
shares, compared to a revised 13.93 billion shares as of June
30.

This is equal to 3.6 percent of the total shares
outstanding, the exchange said.

Investors who sell securities short seek to profit from
betting stocks will fall. Short sellers borrow shares and sell
them in the hopes of buying them back at a cheaper price,
pocketing the difference.
Stock Market Advice

(Reporting by Leah Schnurr)

NYSE short interest eases in mid-July