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Short interest on S&P 500 (SPY) stocks fell to just 2.3% of outstanding shares last week, a...

Short interest on S&P 500 (SPY) stocks fell to just 2.3% of outstanding shares last week, a 6-year low according to Markit. PNC's Bill Stone says short are so accustomed to losing money, they're wary of stepping in. Another interpretation may be the shorts - having banked some coin - covered their bets.
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