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Groupon short position almost 3M shares: Nasdaq

Tags: Groupon

There was a short position of almost three million Groupon Inc. (GRPN-Q) shares at the end of last week, according to Nasdaq data released Friday.

Nasdaq said the number of Groupon shares held short as of Nov. 15, or short interest, was 2.92 million. That is 8.3 percent of the shares available to trade, or the float, according to Thomson Reuters data.

Nasdaq releases short interest data on a week lag, so the Groupon numbers do not include negative bets or hedges from this week.

Groupon shares plunged below the company's $20 IPO price on Wednesday. The stock slipped 1.2 percent to close at $16.75 US on Friday. CTV Two CTV News CTV News Channel BNN - Business News Network CP24