Short sales are highest since the financial crisis

New York • U.S. equity bears, mired in the longest streak of losses in 25 years, are getting bolder. Unfazed by three years of money-losing bets against stocks, short sellers increased their bearish wagers in June to the highest level since the financial crisis, according to data compiled by the New York Stock Exchange. For now the move has proved well-timed as a Goldman Sachs Group Inc. index of most- shorted stocks slumped 10 percent over 10 days through Wednesday, one of the worst declines si...

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