From Longman Business Dictionaryshort positionˌshort poˈsition (also bear position)FINANCE a situation in which someone sells shares that they have borrowed and not paid for, believing the price will fall and they can profit from the difference between the price at which they are selling the shares and the price they will pay for themThey built up a short position of five contracts in the Japanese yen, anticipating a decline relative to the dollar.He sold the stock for more than $23 a share, and then bought back the shares at $21 to cover his short position (=to be able to deliver the shares that he had sold but did not own). → position
