Short Interest, Returns, and Unfavorable Fundamental Information

Several months before information becomes public, the level of short interest contains value-relevant information about publicly traded corporations. Short interest predicts future bad news, negative earnings surprises, and downward revisions in analyst earnings forecasts. This informational content...

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Bibliographic Details
Published in:Financial management 2017-06, Vol.46 (2), p.455-486
Main Authors: Akbas, Ferhat, Boehmer, Ekkehart, Erturk, Bilal, Sorescu, Sorin
Format: Article
Language:English
Subjects:
1988-2010
Analysis
Earnings
Earnings forecasting
Financial management
Forecasts and trends
Future
Information
Merchants
News
Rate of return
Regression analysis
Securities trading
Short sales
Short selling
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