Smaller banks not protected by the recent short-sell order from the Securities and Exchange Commission claim short-sellers have targeted their stocks, reports the The Washington Post.
“They believe that the short sellers moved to their stocks,” Edward Yingling of the American Bankers Association told The Post. “They’re not that big, and they don’t have that many shareholders, so that if there is a short sell attack on one of these institutions, it really can be very harmful because they could move the stock price a lot, without much effort.”