Boeing short sales rise 1.4 percent to 27.4 million shares
NEW YORK (Reuters) - Short sellers added to bets against Boeing Co (NYSE: BA), pushing short interest up 1.4 percent to 27.4 million shares in the two weeks ended on April 15, the highest level in at least a decade, according to data that Thomson Reuters released on Wednesday.
The increase in short sales, in which investors sell borrowed stock in anticipation of buying it back at a lower price later, indicates concern about the shares' prospects as Boeing faces large costs from its 787 Dreamliner and KC-46 tanker programs.
(Reporting by Alwyn Scott; Editing by Lisa Von Ahn)