Lee, Bong-Soo; Ko, Kwangsoo - In: Journal of the Japanese and International Economies 34 (2014) C, pp. 89-97
Using Japanese long sample data, we examine whether short sales are informed trades about future stock returns, whether they contribute to future lower stock prices, and whether short sales are related to overvaluation of the market. We find that short interests do not cause lower future stock...
