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

|By:, SA News Editor

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.