The Long and Short of It: Evidence of Year-End Price Manipulation by Short Sellers
We identify a setting in which there is a predictable incentive for short sellers to manipulate prices, and we find patterns consistent with short sellers manipulating prices. Specifically, we find that stocks with high short interest experience abnormally low returns on the last trading day of the...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2010
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/bnp_research/16 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1016&context=bnp_research |
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| Institution: | Singapore Management University |
| Language: | English |