In the literature short sellers are often considered to be informed investors. By accessing a data set of disclosed large European short selling positions with the data of the increase and decrease of positions I model the returns of the short sellers. I find no significant alpha returns in...

Purpose This study delves into the nuanced implications of short-sale constraints on stock prices within the context of stock market efficiency. While existing research has explored this relationship, inconsistencies persist in their findings. The purpose of this study is to conduct a...