Nasdaq short interest down 5.1 pct in late Dec

NEW YORK Thu Jan 10, 2013 4:00pm EST

NEW YORK Jan 10 (Reuters) - Short interest on the Nasdaq declined 5.1 percent in late December, the exchange said on Thursday, suggesting a decrease in bearish sentiment in the stock market.

As of Dec. 31, short interest fell to about 7.202 billion shares, compared with 7.593 billion shares as of Dec. 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.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.