... against increased short selling and that institutional investors trade in parallel with the repurchasing firm. Originality/value Results suggest that firms disagree with short sellers’ intrinsic valuation of the firm, which is consistent with findings of recent studies such as Muzere (2019...

... costs. Dark pools Informed trading Liquidity Short selling Stock returns G10 G12 The term “dark pool” describes a venue for trading securities that lack transparency. Dark pools were introduced in the late-1980s to provide institutional investors with an outlet away from...

... in share price prior to merger announcements, and the premiums paid are also significantly predicted by short interest levels. Research limitations/implications Short selling activity can be motivated for reasons other than overvaluation, and many short positions can be held for long periods before...