July 24, 2019 / 8:09 PM / a month ago

Nasdaq short interest up 0.8% in early July

NEW YORK, July 24 (Reuters) - Short interest on the Nasdaq rose 0.8% in early July, the exchange said on Wednesday.

As of July 15, short interest rose to about 9.104 billion shares, compared with 9.031 billion shares as of June 28.

Investors who sell securities "short" borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.

Shorting can also be part of a hedging strategy. (Reporting by Caroline Valetkevitch in New York Editing by Matthew Lewis)

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