September 11, 2019 / 8:14 PM / 9 days ago

NYSE short interest rose 1.8 percent in late August

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

NEW YORK (Reuters) - Short interest on the New York Stock Exchange rose 1.8 percent in late August, the exchange said on Wednesday.

As of Aug. 30, short interest rose to about 17.126 billion shares, compared with 16.820 billion shares as of Aug. 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.

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