Contributor: Aaron Gerdeman

20 million shares purchased to cover shorts in U.S. market for BP stock, providing price support at a critical time Almost every investor is, by now, aware of the 50% decline in value of BP stock since the offshore oil rig accident of April 20th. Those who pay close attention to the short side of the stock market – short sales, short interest and shares borrowed in the securities lending market – have also watched shorting activity rise and fall substantially during the last few months.... read more