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NYSE short interest fell 1.8 percent in late October

By Reuters News

NEW YORK, Nov 10 (Reuters) - Short interest on the New York Stock Exchange fell 1.8 percent in late October, the exchange said on Tuesday.

As of Oct. 30, short interest fell to about 23.266 billion shares, compared with 23.693 billion shares as of Oct. 15.

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.

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