ZenInvestor

NYSE Short Interest Hits Record Highs... Again

I agree that the uptick rule elimination has exacerbated the problem. It is a mystery to almost everyone why it was eliminated, but it needs to be restored. One of the reasons is to 'protect' people who in the current market have become addicted to shorting stocks and will suffer losses if the market suddenly turns UP. It was a reasonable rule and one that should be reinstated.