Short Sales: Bearish or Bullish?

Authors

Lucy F. Ackert, Kennesaw State University and Federal Reserve Bank of AtlantaFollow
George Athanassakos, University of Western OnterioFollow

Document Type

Article

Publication Date

Winter 2004

Abstract

Focuses on the relationship between short interest, a ratio of the number of shares short to trading volume, and excess return for Canadian stocks. Information on the requirement set by the Toronto Stock Exchange (TSX) on short selling; Result of several studies on the relationship between short interest and excess returns; Computation for excess return and short interest using the TSX data.