Nasdaq says short interest falls in mid-JulyFinance | 27 Jul 2021 6:57 am
Short interest on the Nasdaq fell by 0.65 percent in mid-July, the exchange said on Monday.
As of July 15, short interest fell to about 10.922 billion shares, compared with 10.993 billion shares as of June 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. Shorting can also be part of a hedging strategy.