Home Breadcrumb caret Industry News Breadcrumb caret Industry Breadcrumb caret Investments Breadcrumb caret Market Insights Investors bet against RIM RIM’s short interest has hit a record high, increasing to 4.2% of shares outstanding on August 24, finds research firm Markit. This is a sign investors are anticipating disappointing earnings as they continue to wait for a new lineup of BlackBerry smartphones, says Hugo Miller of Bloomberg Businessweek. Read: RIM chair defends leadership Investors taking […] By Staff | September 4, 2012 | Last updated on September 4, 2012 1 min read RIM’s short interest has hit a record high, increasing to 4.2% of shares outstanding on August 24, finds research firm Markit. This is a sign investors are anticipating disappointing earnings as they continue to wait for a new lineup of BlackBerry smartphones, says Hugo Miller of Bloomberg Businessweek. Read: RIM chair defends leadership Investors taking short positions bet against a stock by borrowing shares and selling them. They profit by repaying the borrowed shares at a lower price. Read: Nothing wrong with RIM RIM shares have declined 54% this year. Today, at 1:30pm, RIM fell 1.21% to US$6.61. Read more about RIM’s stock Read: Former RIM employee conducted insider trading: OSC Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo