diff --git a/mm/shmem.c b/mm/shmem.c
index 0e5fb225007c519a27b680673160011bd74dd445..469f90d56051984c674f395042029ea737608d5b 100644
--- a/mm/shmem.c
+++ b/mm/shmem.c
@@ -2367,8 +2367,10 @@ static int shmem_rename2(struct inode *old_dir, struct dentry *old_dentry, struc
 
 	if (new_dentry->d_inode) {
 		(void) shmem_unlink(new_dir, new_dentry);
-		if (they_are_dirs)
+		if (they_are_dirs) {
+			drop_nlink(new_dentry->d_inode);
 			drop_nlink(old_dir);
+		}
 	} else if (they_are_dirs) {
 		drop_nlink(old_dir);
 		inc_nlink(new_dir);