Another Record Level...In Short Interest

After the close today, the New York Stock Exchange released short interest levels for the month of May, and as the chart below shows, short interest surged by 7% to a new all time high. While the record level of short interest is not a new story, this month was somewhat unique in that it was the tenth largest monthly increase in short interest over the last 16 years. Also notable is the fact that in the last three months, we have seen two monthly increases that qualify in the top ten overall (March 2007). It is hard to imagine that investors are overly bullish with short interest hitting record highs month after month.

Grüsse Oekonom

macht was draus, aber machets guet...