For the second consecutive two-week period, short interest on the New York Stock exchange declined. During the first two weeks of August, short positions in NYSE listed stocks fell by 2.8% to 17.8 billion shares. While the late July figures showing a mere 1.5% decline in short interest seemed to show that the SEC's crackdown partial enforcement of existing laws on short selling had little impact, the larger decline in the most recent figures suggest that the SEC's actions might be affecting investors.
So what has the SEC done to continue enforcement of short selling rules? They let the temporary order expire, and said a new set of rules would be coming in the "next few weeks."
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