Which shorts are informed?
We construct a long daily panel of short sales using proprietary NYSE order data. From 2000 to 2004, shorting accounts for more than 12.9% of NYSE volume, suggesting that shorting constraints are not widespread. As a group, these short sellers are well informed. Heavily shorted stocks underperform l...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2008
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/4660 https://ink.library.smu.edu.sg/context/lkcsb_research/article/5659/viewcontent/WhichShortsInformed_pp.pdf |
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| Institution: | Singapore Management University |
| Language: | English |