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Hole in the wall: informed short selling ahead of private placements

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Academic year: 2021

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Figure

Figure  1.  Changes  in  short  interest  around  the  announcement  of  a  private  placement
Figure  2.  Changes  in  short  interest  around  the  announcement  of  a  private  placement  of  convertible  bonds  distinguishing  between  the  number  of  buyers
Figure 3. Changes in short interest around the announcement of a private placement of common stock distinguishing between the number of buyers
Table II. Cumulative abnormal returns around private placement announcements

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