{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,9,28]],"date-time":"2026-09-28T06:55:37Z","timestamp":1790578537669,"version":"4.1.0"},"posted":{"date-parts":[[2026]]},"group-title":"SSRN","reference-count":0,"publisher":"Elsevier BV","license":[{"start":{"date-parts":[[2026,1,1]],"date-time":"2026-01-01T00:00:00Z","timestamp":1767225600000},"content-version":"unspecified","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"abstract":"<jats:p>This study examines whether firm-specific trading halts generate short-selling spillovers among economically related firms. Using NYSE and AMEX trading halts from 2005-2006 and transaction-level short-sale data from the Regulation SHO period, we identify related firms based on industry affiliation and market-based characteristics and examine short-selling activity surrounding trading halts. Short-selling activity generally declines in the five-day windows preceding and following a halt, while relative short selling does not change significantly. Intraday analysis likewise provides little evidence of increased short selling in related firms while the halted security is unavailable for trading. Regression and portfolio analyses further show that pre-halt abnormal short selling does not predict subsequent returns. Overall, the findings indicate that trading restrictions on an affected security do not induce substantial migration of short-selling activity to economically related firms, distinguishing information spillovers across related securities from corresponding spillovers in trading activity.<\/jats:p>","DOI":"10.2139\/ssrn.7525682","type":"posted-content","created":{"date-parts":[[2026,9,28]],"date-time":"2026-09-28T06:10:17Z","timestamp":1790575817000},"source":"Crossref","is-referenced-by-count":0,"title":["Short-Selling Spillovers Around Firm-Specific Trading Halts: Information Transmission and Cross-Security Trading"],"prefix":"10.2139","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-4894-2975","authenticated-orcid":true,"given":"Jose A.","family":"Gutierrez","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Mary","family":"Funck","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"78","container-title":[],"original-title":[],"deposited":{"date-parts":[[2026,9,28]],"date-time":"2026-09-28T06:10:17Z","timestamp":1790575817000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.ssrn.com\/abstract=7525682"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2026]]},"references-count":0,"URL":"https:\/\/doi.org\/10.2139\/ssrn.7525682","relation":{},"subject":[],"published":{"date-parts":[[2026]]},"subtype":"preprint"}}