NEW YORK, Sept 25 (Reuters) - Big U.S. drugstore chain CVS Caremark Corp and
office property owner SL Green were added to the New York Stock Exchange's list
of financial companies that are not permitted to be shorted.
Other companies included in the ban as of Thursday were Willis Group
Holdings, MVC Capital, Atlas Energy Resources LLC, UDR Inc and Lender Processing
Services.
No companies were removed from the list, which now expands to 299 for the
NYSE. It was initiated by the U.S. Securities and Exchange Commission as an
attempt to crack down on short-selling and calm the turmoil in global markets,
which led to wild price swings in the stocks of major financial firms.
Short-sellers borrow shares they consider overvalued and sell them. If
the price drops, they repurchase the shares, return them and pocket the
difference.
(Reporting by Christopher Kaufman; Editing by Lisa Von Ahn) Keywords:
FINANCIAL SHORTS/CHANGES
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