NYSE short interest falls in early December

NEW YORK, Dec 27 (BestGrowthStock) – Short interest on the New York
Stock Exchange fell in the first half of December, the exchange
said on Monday.

Through Dec. 15, short interest dipped 2.2 percent to 13.31
billion shares, compared with 13.62 billion shares as of Nov.
30.

Investors who sell securities short seek to profit from a
decline in stock prices. They borrow shares and then sell them
in hope of buying them back later at a cheaper price, pocketing
the difference.

The short interest on Dec. 15 was equivalent to 3.48
percent of the total shares outstanding, NYSE said.
(Reporting by Ryan Vlastelica; Editing by Dan Grebler)

NYSE short interest falls in early December