The Member Short Ratio (or MSR) shows the short selling activity of NYSE members, who trade on the floor of the exchange (the 'smart money'). If the members are short, they expect prices to fall in the short-term.
MEMBER SHORT RATIO
Overview
The Member Short Ratio ("MSR") is a market sentiment indicator that measures the short selling activity of members of the New York Stock Exchange.
 See also: Member, Ratio, Short, Short Sale, Indicator
  
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