February 27, 2018 / 9:32 PM / 4 months ago

NYSE short interest rose 2.6 percent in mid-February

NEW YORK(Reuters) - Short interest on the New York Stock Exchange rose 2.6 percent in mid-February, the exchange said on Tuesday.

FILE PHOTO: U.S. flags hang outside of the New York Stock Exchange in New York September 1, 2015. REUTERS/Lucas Jackson

As of Feb. 15, short interest rose to about 16.166 billion shares, compared with 15.755 billion shares as of Jan. 31.

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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