Donald Trump Has Smashed The Bears: Short Interest Plunges

Donald Trump Has Smashed The Bears: Short Interest Plunges

Heading into 2016, it was very clear that the majority of market participants were bearish on the outlook for stocks. As the price of oil continued to grind lower, economic data remained disappointing and corporate profits looked to be entering a recession, investors dumped stocks sending the S&P 500 down by nearly 10% between mid-2015 and the first quarter of 2016. At the same time NYSE Short Interest, as counted by the number of shares out on loan to short sellers, rose to a high not seen since the depths of the financial crisis. The number of shares short rows to just over 18,000, below the peak of approximately 18,600...