NEW YORK, Aug 11 (Reuters) - Short interest on the New York Stock Exchange fell 1.7 percent in late July, the exchange said on Monday. As of July 31, short interest fell to about 17.969 billion shares, compared with 18.275 billion shares as of July 15. Investors who sell securities short borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.
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