Nasdaq short interest up 0.5 pct in late November
NEW YORK Dec 10 (Reuters) - Short interest on the Nasdaq rose 0.5 percent in the second half of November, the exchange said on Tuesday.
As of Nov. 29, short interest rose to about 7.760 billion shares, compared with 7.725 billion shares as of Nov. 15.
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.
Shorting can also be part of a hedging strategy.
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