The CNMV Extends the Restrictions on Short Selling Listed Company Shares for another Month

17 April 2020 –

The fallout from the coronavirus continues. The extension of the ban will take effect from 18 April until 18 May, and may be extended further.

The prohibition on carrying out operations that involve the creation or increase of net short positions of listed companies’ shares has been extended for one more month.

The decision was made due to “the persistence of the risks and uncertainties surrounding the evolution of the economy and the market in the context of the situation created by Covid-19, as well as the high level of volatility and the risks that could arise from disordered price movements”, explains the National Securities Market Commission (CNMV).

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Translation/Summary: Carmel Drake