Supply and Demand Shifts in the Shorting Market by Lauren Cohen, Karl Diether, Christopher Malloy

Yet another interesting paper from the EFA Moscow Meetings!SSRN-Supply and Demand Shifts in the Shorting Market by Lauren Cohen, Karl Diether, Christopher MalloyUsing a "proprietary database of lending activity from a large institutional investor" the authors examine Whether shorting impacts future returns? If shorting is important, is it "short supply" or "short demand"? Is shorting