Member Short-Sales Ratio
A ratio comparing the number of short sales transacted on behalf of NYSE members to the entire number of short sells transacted on the exchange.
Investopedia Commentary
This ratio is used to gauge and analyze the sentiment of market professionals. By isolating the number of shorts transacted by "pros," investors can remove the unwanted noise of public traders, who may be less informed.
Related Links
Forces That Move Stock Prices
Short Interest: What It Tells Us
Short Selling Tutorial
See also: Market Sentiment, Mutual Fund Liquidity Ratio, Noise, Noise Trader, Noise Trader Risk, NYSE, Short Interest Ratio, Short Selling