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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Main Authors: | AKBAS, Ferhat, BOEHMER, Ekkehart, ERTURK, Bilal, SORESCU, Sorin |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2017
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Subjects: | |
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 |
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