Short interest and stock returns: evidence from the UK (Gregynog 2011).
This paper examines the information content of short interest by examining whether firms that experience significant increase in short interest subsequently experience negative returns. Using the UK daily short interest data from the period of September 2003 to April 2010, we find a significant nega...
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| Format: | Conference or Workshop Item |
| Language: | English English English |
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2011
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| Online Access: | http://irep.iium.edu.my/28478/ http://irep.iium.edu.my/28478/4/Short_Interest_and_Stock_Returns_%28Gregynog_2011%29.pdf http://irep.iium.edu.my/28478/2/Gregynog_2011_programme.pdf http://irep.iium.edu.my/28478/3/Gregynog_2011_Participants_final.pdf |
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iium-28478 |
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eprints |
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iium-284782013-02-13T13:31:45Z http://irep.iium.edu.my/28478/ Short interest and stock returns: evidence from the UK (Gregynog 2011). Mohamad, Azhar HG4001 Financial management. Business finance. Corporation finance. HG4501 Stocks, investment, speculation This paper examines the information content of short interest by examining whether firms that experience significant increase in short interest subsequently experience negative returns. Using the UK daily short interest data from the period of September 2003 to April 2010, we find a significant negative relation between increases in short interest and subsequent returns on equal-weighted basis. The results indicate informational content of increases in short interest which is consistent with Diamond and Verrecchia (1987) hypotheses. 2011-05-16 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/28478/4/Short_Interest_and_Stock_Returns_%28Gregynog_2011%29.pdf application/pdf en http://irep.iium.edu.my/28478/2/Gregynog_2011_programme.pdf application/pdf en http://irep.iium.edu.my/28478/3/Gregynog_2011_Participants_final.pdf Mohamad, Azhar (2011) Short interest and stock returns: evidence from the UK (Gregynog 2011). In: Gregynog Accounting and Finance Colloquium 2011, 16-18 May 2011, Gregynog, Wales, UK. (Unpublished) |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English English English |
| topic |
HG4001 Financial management. Business finance. Corporation finance. HG4501 Stocks, investment, speculation |
| spellingShingle |
HG4001 Financial management. Business finance. Corporation finance. HG4501 Stocks, investment, speculation Mohamad, Azhar Short interest and stock returns: evidence from the UK (Gregynog 2011). |
| description |
This paper examines the information content of short interest by examining whether firms that experience significant increase in short interest subsequently experience negative returns. Using the UK daily short interest data from the period of September 2003 to April 2010, we find a significant negative relation between increases in short interest and subsequent returns on equal-weighted basis. The results indicate informational content of increases in short interest which is consistent with Diamond and Verrecchia (1987) hypotheses. |
| format |
Conference or Workshop Item |
| author |
Mohamad, Azhar |
| author_facet |
Mohamad, Azhar |
| author_sort |
Mohamad, Azhar |
| title |
Short interest and stock returns: evidence from the UK (Gregynog 2011). |
| title_short |
Short interest and stock returns: evidence from the UK (Gregynog 2011). |
| title_full |
Short interest and stock returns: evidence from the UK (Gregynog 2011). |
| title_fullStr |
Short interest and stock returns: evidence from the UK (Gregynog 2011). |
| title_full_unstemmed |
Short interest and stock returns: evidence from the UK (Gregynog 2011). |
| title_sort |
short interest and stock returns: evidence from the uk (gregynog 2011). |
| publishDate |
2011 |
| url |
http://irep.iium.edu.my/28478/ http://irep.iium.edu.my/28478/4/Short_Interest_and_Stock_Returns_%28Gregynog_2011%29.pdf http://irep.iium.edu.my/28478/2/Gregynog_2011_programme.pdf http://irep.iium.edu.my/28478/3/Gregynog_2011_Participants_final.pdf |
| first_indexed |
2023-09-18T20:41:59Z |
| last_indexed |
2023-09-18T20:41:59Z |
| _version_ |
1777409426458673152 |