An Investigation of the Informational Role of Short Interest in the Nasdaq Market

By Hemang Desai, K. Ramesh, S. Thiagarajan, B. Balachandran. 2002

241 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/506209c090e247690e082bae1ddd8204a43d4fd0

Citations in the corpus

• Competition of the Informed: Does the Presence of Short Sellers Affect Insider Selling? (2015, unknown): “A number of studies demonstrate that short sellers possess superior information: they are able to identify overvalued stocks (e.g., Desai et al., 2002; Cohen, et al., 2007; Boehmer et al., 2008; Diether et al., 2009; Boehmer, et al., 2010) or are particularly good at processing information (e.g.,…”
• Role of Speculative Short Sales in Price Formation: The Case of the Weekend Effect (2003, unknown): “RSI is used in DeChow et al. (2001), Desai et al. (2002), Asquith and Muelbroek (1996), and much other recent research on short sales.”
• The Good News in Short Interest (2010, unknown): “Desai et al. (2002) also report coefficients similar to ours (in their Table 3).”
• Family Controlled Firms and Informed Trading: Evidence from Short Sales (2012, unknown): “Desai et al. (2002) and Diether, Lee, and Werner (2009) observe that short sales forecast negative abnormal stock-”
• The skinny on the 2008 naked short-sale restrictions (2010, unknown): “’’ Previous tests of the overpricing hypothesis have employed a variety of proxies for short-sale constraints, including short interest or the change in short interest (Figlewski, 1981; Desai et al., 2002; Asquith et al., 2005), the introduction of options (Figlewski and Webb, 1993; Danielson and So”
• Empirical cross-sectional asset pricing: a survey (2011, unknown): “Desai et al. (2002) find statistically significant subsequent underperformance for heavily shorted firms.”