NYSE Short Interest Declines Again

For the second consecutive two-week period, short interest on the New York Stock exchange declined.  During the first two weeks of August, short positions in NYSE listed stocks fell by 2.8% to 17.8 billion shares.  While the late July figures showing a mere 1.5% decline in short interest seemed to show that the SEC's crackdown partial enforcement of existing laws on short selling had little impact, the larger decline in the most recent figures suggest that the SEC's actions might be affecting investors.

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So what has the SEC done to continue enforcement of short selling rules?  They let the temporary order expire, and said a new set of rules would be coming in the "next few weeks."

Comments

[whidbey:]

Could we be nearing a bottom in equities and a top in commodities. God only knows, but the indicators are flashing the be aware and be cautious, the down turn has been around too long and it may be waning. Stay loose the wind is shifting.

2008 Aug 27 08:12 PM