Should Investors Follow the Prophets or the Bears? Evidence on the Use of Public Information by Analysts and Short Sellers

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In Short Supply: Short Sellers and Stock Returns (2015, unknown): “Second, Prado (2015) employs DXL data to test the Duffie et al. (2002) hypothesis that security prices incorporate expected future security lending income.”
Rank and File Employees and the Discovery of Misreporting: The Role of Stock Options (2016, unknown): “For example, Drake et al. (2011) find that total accruals are negatively associated with firm fundamentals, but we exclude total accruals from Eq.”
Do Short Sellers Front-Run Insider Sales? (2013, unknown): “…INTRODUCTION A large prior literature studies the trades of informed market participants such as firm insiders (Ke et al. 2003; Piotroski and Roulstone 2005; Jagolinzer 2009), short sellers (Desai et al. 2006; Drake et al. 2011), analysts, institutional investors, and others.”
Earnings Manipulation and Expected Returns (2013, background): “…French (1992); (4) the book-to-market ratio (BTM), following evidence in Davis (1994), Haugen and Baker (1996), and Fama and French (1992); and (5) the short-interest ratio (SIR), following evidence in Drake, Rees, and Swanson (2011) that companies with high SIRs subsequently earn lower returns.”
Short interest and stock price crash risk (2015, background): “0517, comparable to the statistics reported in prior studies (e.g., Dechow et al., 2001; Drake et al., 2011; Hirshleifer et al., 2011).”