Sane Company in Crazy Times
Calculated Risk reports the first company opts out of short selling ban. The company is Diamond Hill Investment Group, Inc.. Honestly, this move is good for a number of reasons:
- This is going to give them a lot of good press… Well, at least from bloggers.
- Their own shares are lightly traded. They need the shorts to provide liquidity.
- Their philosophy page indicates they are willing to hold short positions, and this move shows their own investors that they are not hypocrites.
Let’s see if other companies follow their lead.
