The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Aggregate Short Interest and Market Valuations
Abstract
We examine some basic data on the evolution of aggregate short interest, both during the dot-com era, and at other times in history. Total short interest moves in a countercyclical fashion. For example, short interest in NASDAQ stocks actually declines as the NASDAQ index approaches its peak. Moreover, this decline does not seem to reflect a substitution away from outright short-selling and towards put options, as the ratio of put-to-call volume displays the same countercyclical tendency. The evidence suggests that: i) arbitrageurs are reluctant to bet against aggregate mispricings; and ii) short-selling does not play a particularly helpful role in stabilizing the overall stock market.
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Shleifer, A., & Vishny, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb03807.x · Cited by 5,291
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Stambaugh, R. F., Yu, J., & Yuan, Y. (2012) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.12.001 · Cited by 1,736
Short interest, institutional ownership, and stock returns
Asquith, P., Pathak, P. A., & Ritter, J. R. (2005) · Journal of Financial Economics · doi:10.1016/j.jfineco.2005.01.001 · Cited by 1,011
Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle
STAMBAUGH, R. F., YU, J., & YUAN, Y. (2015) · The Journal of Finance · doi:10.1111/jofi.12286 · Cited by 940
Efficiency and the Bear: Short Sales and Markets Around the World
BRIS, A., GOETZMANN, W. N., & ZHU, N. (2007) · The Journal of Finance · doi:10.1111/j.1540-6261.2007.01230.x · Cited by 817
Course-Based Undergraduate Research Experiences Can Make Scientific Research More Inclusive
Bangera, G., & Brownell, S. E. (2014) · CBE—Life Sciences Education · doi:10.1187/cbe.14-06-0099 · Cited by 722
Metadata
- Authors
- Lamont, O. A., & Stein, J. C.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2004-04-01
- Volume
- 94
- Issue
- 2
- Pages
- 29-32
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3125633137
- Cited by
- 203
- References
- 1
- FWCI
- 13.93
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
