The holder of a short position is bearish on the price of the asset, or expects the price to fall. The opposite of short position is long position. A short position means selling a futures contract in that particular asset. A short position in a stock usually means that the investor has sold borrowed shares with the intention of repaying the borrowed shares later with others purchased at a lower price. Any portfolio position can be described as either a long position or a short position with respect to any asset.