Short interest, returns, and unfavorable fundamental information

Short interest, returns, and unfavorable fundamental information

Several months before information becomes public, the level of short interest contains value-relevant information about publicly traded corporations. Short interest predicts future bad news, negative earnings surprises, and downward revisions in analyst earnings forecasts. This informational content...

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Bibliographic Details
Main Authors: AKBAS, Ferhat, BOEHMER, Ekkehart, ERTURK, Bilal, SORESCU, Sorin
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2017
Subjects:
Short interest
fundamental information
cross-section of stock returns
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5272
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6271/viewcontent/ShortInterestReturnsFundamentals_2016_pp.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/5272
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6271/viewcontent/ShortInterestReturnsFundamentals_2016_pp.pdf

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