"Short-selling activity fell on the New York Stock Exchange for the latest monthly reporting period, as bearish investors continued to struggle.
For the monthly period ending Feb. 15, the number of short-selling positions not yet closed out at NYSE — so-called short interest — declined 0.9% to 9,595,242,421 shares from 9,680,953,526 shares in mid-January.
Market-wide, the short ratio, or number of days’ average trading volume represented by the outstanding short positions at the exchange, fell to 6.2 from 6.8."
I don’t know much of Treflie Capital Management, but apparently they are a consulting firm which tracks short interest. They reported the "the average short-selling portfolio fell 1.8% in January, a dreary follow-up to a decline of more than 5% for all of 2006."
To be filed under No $#*t Sherlock: "Harry Strunk, a partner at Treflie, said short sellers have had an especially difficult time since the summer, when the stock market began a steady run higher that included fresh records in the Dow Jones Industrial Average."
Really? Do ya think?
This post belatedly adds a new category, Short Selling. (How on earth did I ever miss that one?)
Bears’ Bets Fall on the NYSE
By PETER A. MCKAY
February 23, 2007; Page C7
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