Chague, Fernando D.; Rodrigo De-Losso, Alan De Genaro, … - Departamento de Economia, Faculdade de Economia, … - 2013
According to theory, the level of short-selling can predict short-run future returns throughout two channels. One is related to the demand-side of the stock lending market: short-sellers are informed. The other is related to the supply-side: short-sellers are restricted. Measuring the importance...