Microstructure#358tier 2experimental liveNew

reg sho threshold entry short

cadence: Eventdata: lowshort only
paper
2009
Source
Diether, K.B., Lee, K.-H., Werner, I.M. (2009). "Short-Sale Strategies and Return Predictability." Review of Financial Studies, 22(2), 575-607.
Read the paper →

What it checks

When a stock first lands on the SEC's Reg SHO Threshold List after being off it for at least a week, short it for the next 1-2 weeks before the forced-buy-in mechanism kicks in.

Mechanism

Entry to the SEC Reg SHO Threshold Security List signals persistent FTDs (5+ consecutive days with FTDs >=10k shares AND >=0.5% of float). DLW 2009 show negative drift over the 5-10 days post-inclusion BEFORE the Reg-SHO close-out mechanism starts forcing covers.

No production champion data for this family yet. Stats appear once the discovery pipeline promotes at least one strategy with this family tag, or once a multi-family blend that includes it earns a champion slot.

Signal rule

First day on the Reg SHO threshold list after >=5 prior days off list (T+1) -> SHORT for 5/10 trading days.

Data dependencies

  • daily_prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

  • sec_reg_sho_threshold

    Worker data table — see services/worker schema.

Expected edge

Paper alpha
~-1% over 5-10d
Paper window
T+1 to T+10d

~-1% over 5-10d on inclusion-event short window (DLW 2009).

Example tickers where this is likely to fire

Illustrative only — the signal fires based on the live data, not a fixed list.

Related families

Explore reg sho threshold entry short on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

For informational and educational purposes only. Not financial advice. Learn more