NEW YORK, Sept 11 (Reuters) - Short interest on the

Nasdaq fell 0.1% in late August, the exchange said on Wednesday.

As of Aug. 30, short interest dipped to about 14.399 billion

shares, compared with 14.414 billion shares as of Aug. 15.

Investors who sell securities "short" borrow shares and then

sell them, expecting the stock to fall so they can buy the

shares back at the lower price, return them to the lender and

pocket the difference.

Shorting can also be part of a hedging strategy.