December 27, 2017 / 9:31 PM / 20 days ago

NYSE short interest fell 0.2 percent in mid-December

NEW YORK (Reuters) - Short interest on the New York Stock Exchange fell 0.2 percent in mid-December, the exchange said on Wednesday.

FILE PHOTO - Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 13, 2017. REUTERS/Brendan McDermid

As of Dec. 15, short interest fell to about 16.350 billion shares, compared with 16.387 billion shares as of Nov. 30.

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.

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