Jul 10, 08:17 PM

Nasdaq Proposes Tighter Rules on Reverse Stock Splits; Short Interest Falls 1.8% on Nasdaq, 2.9% on NYSE

Nasdaq is proposing tighter rules to prevent companies from using reverse stock splits to avoid delisting without addressing underlying compliance issues. Specifically, Nasdaq aims to ensure that companies do not gain additional time to regain compliance if the reverse split results in another violation. Additionally, short interest on the Nasdaq fell by 1.8% in late June, while short interest on the New York Stock Exchange (NYSE) decreased by 2.9% during the same period. These changes were reported on Wednesday.

#Nasdaq #New York Stock Exchange #NYSE

Written with ChatGPT (GPT-4o).

Sources

PiQ@PiQSuite
2 years ago
🔵 NYSE SHORT INTEREST FELL 2.9 PERCENT IN LATE JUNE Short interest on the New York Stock Exchange fell 2.9 percent in late June, the exchange said on Wednesday. Full Story via Reuters on PiQ Suite https://t.co/LGMi5UKKU5
Investing.com News@newsinvesting
2 years ago
NYSE short interest fell 2.9 percent in late June https://t.co/LnJYPUMDjY
Latest News from Business Wire@NewsFromBW
2 years ago
NYSE Group Consolidated Short Interest Report https://t.co/5yCZFDzw9i https://t.co/tDuP0ZY39y

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