The SEC has added more companies to the list of 799 companies that cannot be short-sold temporarily. Included are the following firms, according to MarketWatch:
GM
GE
American Express
Legg Mason
Capital One
View MarketWatch's full short-selling ban list here.
The Detroit News reported that GM was one of more than 90 companies to be added to the no short-sell list:
The SEC said the temporary move was needed to "prevent short selling from being used to drive down the share prices of issuers even where there is no fundamental basis for a price decline other than general market conditions."
The emergency ban expires Oct. 2.
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