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NEW YORK (Reuters) - Short interest on the Nasdaq rose 0.5 percent in the second half of April, the exchange said on Tuesday.
As of April 28, short interest rose to about 8.221 billion shares, compared with 8.18 billion shares as of April 13.
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.
Shorting can also be part of a hedging strategy.