NEW YORK, Sept 10 (Reuters) – Short interest on the New York Stock Exchange fell 0.2 percent in late August, the exchange said on Thursday.
As of Aug. 31, short interest fell to about 14.175 billion shares, compared with 14.205 billion shares as of Aug. 14.
Investors who sell securities short borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.
