Strome Business Minute With Dr. Jeff Tanner

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Huntington Ingalls, parent of Newport News Shipbuilding, saw a significant increase in short-sales during the first two weeks of December. Short sales are an investment where you borrow stock and sell it. When the loan is due, you have to give stock back, so you hope the price goes down so you can buy it back and repay the loan with lower-cost shares. Your profit is the difference. Buy a stock at ten dollars, sell at eight, and you make two dollars. Short sales increased over twenty percent in the first half of December for Huntington Ingalls, which means more people think the stock will go down. However, total short sales only represent about two point three percent of the outstanding shares. To find out more, visit odu.edu/business. This Strome Business Minute has been presented by the Strome College of Business at Old Dominion University.