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FINRA Requests Comment on Short Interest Position Reporting Enhancements

June 9th | 2021

FINRA is requesting comment on potential enhancements to its short sale reporting program. Pursuant to FINRA Rule 4560 (Short-Interest Reporting), firms are required to report to FINRA their aggregate short position in each equity security twice a month. FINRA’s proposal, among other things, considers whether increasing the frequency of reporting and whether enhancements to the data that is required to be reported would improve the usefulness of short sale related information to FINRA, other regulators, investors, and other market participants. The proposal asks for comment on several specific areas and notes that more current and detailed data can be of use to market participants who consider short interest when evaluating investment opportunities and would also allow FINRA to monitor for compliance more efficiently.

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