Short Interest on Nasdaq Dips

NEW YORK (Reuters) – Short interest on the Nasdaq dipped 0.8% in late November, the exchange reported on Tuesday.

As of Nov. 29, short interest declined to approximately 13.910 billion shares, compared to 14.018 billion shares as of Nov. 15.

Investors participating in short selling borrow shares and sell them, anticipating that the stock price will fall. They plan to buy back the shares at a lower price, return them to the lender, and profit from the difference.

Short selling can also be utilized as a part of a hedging strategy.