28 Oct '14, 2pm

Forbes: Verisign Becomes #1 Most Shorted Stock in S&P 500

According to Forbes.com , Verisign Inc (NASD: VRSN) is now Most Shorted Stock in S&P 500 based on most recent short interest data has been released by the NASDAQ for the 10.15.2014 settlement date. According to nasdaq.com there are 19,441,435 shares of Verisign Stock being shorted as of 10.15.14 but more shares have been shorted in the past. 24,641,765 of Verisign were shorted back on December 31, 2013 and 23,218,994 back on March 31, 2014. There are about 125 Million shares of Verisign outstanding, meaning that about 17% of the shares are being shorted. When you short shares of a company you’re basically betting the share price will fall. You can then buy shares to close your position. While you are shorting shares you are responsible for paying the same dividend to the shareholders. The short figures come by looking at the underlying components of the S&P 500 by “days to...

Full article: http://www.thedomains.com/2014/10/28/forbes-verisign-beco...

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