November 22, 2002 |
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For the month ended November 12, 2002 total short sales declined by nearly 200 million shares, and outstanding short interest as a percentage of total shares declined from 2.4% to 2.3%. To put the short data into perspective, to begin 2001 short interest was running at 1.4% (versus 2.3% today). In order for short interest to get back to 1.4% more than 3 Billion shares would have to be purchased. |
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