Gunmaker shoots its way to the top
29 October 2013 New York
Image: Shutterstock
DataLend has released its securities lending top 10 earning equities for 24 October, which reveals that Sturm Ruger has shot to the top of the US chart.
DataLend's lists rank the securities lending top 10 earning equities in each of the US, UK, Europe and Asia-Pacific, along with some context around the top few in each region.
The report showed that fees to borrow Sturm, Ruger & Co, a firearm manufacturing company, continued their downward slide as the stock price climbs higher.
Utilisation, which had been level at around 96 percent in recent weeks, rose higher this week. The firm announced recently that it will report its third-quarter earnings on 5 November.
Sears Holdings fees to borrow have been fairly level in hot territory in October, said DataLend. The stock price has come back down from a peak in early October, and utilisation remains high but down since September.
3D Systems fees to borrow were rising last week but have dropped again in recent days—though still hot. The stock price has been inching up since a spring dip reversed.
UK
In the UK, fees to borrow Kazakhmys, a copper mining company, were now riding the line between warm and hot since rising from GC levels starting in late June. Utilisation has risen from the single digits in January to more than 90 percent this week.
Hanergy Solar fees to borrow have risen steeply since early October, while the stock price and utilisation have remained relatively stable over the last few months.
Fees to borrow Gulf Keystone Petroleum stock have come down significantly in recent days, and utilisation has dropped a touch. The stock price peaked mid last month but has dropped again in October.
Europe
Outotec utilisation has dropped almost 10 percent over the past month, and the stock price has dipped too. Fees to borrow remain hot.
The stock price of Halcon Resources has shown improvement throughout October after sliding for most of 2013. Days to cover remain high at more than 60, while fees to borrow are hot but down on early-October rates.
Utilisation of Banca Monte dei Paschi di Siena has dropped nearly 20 percent in the last two months, but fees to borrow have quadrupled the rate at which they started 2013
Far East/Australia Pacific
GungHo Online Entertainment fees are climbing even higher. The stock price has rebounded slightly since the last-August dip, while utilisation has remained in the mid-90 percent range for months. GungHo isn't showing signs that it will be dropping off this list anytime soon.
Celltrion stock has dropped in price over the past two months. Fees to borrow have risen slightly over that period, but have been wavering between GC and hot recently.
BYD Company H fees to borrow are now about half where they started the year, while the stock price continues its ascent. Utilisation peaked in August, came down in September, and is rising again this month.
DataLend's lists rank the securities lending top 10 earning equities in each of the US, UK, Europe and Asia-Pacific, along with some context around the top few in each region.
The report showed that fees to borrow Sturm, Ruger & Co, a firearm manufacturing company, continued their downward slide as the stock price climbs higher.
Utilisation, which had been level at around 96 percent in recent weeks, rose higher this week. The firm announced recently that it will report its third-quarter earnings on 5 November.
Sears Holdings fees to borrow have been fairly level in hot territory in October, said DataLend. The stock price has come back down from a peak in early October, and utilisation remains high but down since September.
3D Systems fees to borrow were rising last week but have dropped again in recent days—though still hot. The stock price has been inching up since a spring dip reversed.
UK
In the UK, fees to borrow Kazakhmys, a copper mining company, were now riding the line between warm and hot since rising from GC levels starting in late June. Utilisation has risen from the single digits in January to more than 90 percent this week.
Hanergy Solar fees to borrow have risen steeply since early October, while the stock price and utilisation have remained relatively stable over the last few months.
Fees to borrow Gulf Keystone Petroleum stock have come down significantly in recent days, and utilisation has dropped a touch. The stock price peaked mid last month but has dropped again in October.
Europe
Outotec utilisation has dropped almost 10 percent over the past month, and the stock price has dipped too. Fees to borrow remain hot.
The stock price of Halcon Resources has shown improvement throughout October after sliding for most of 2013. Days to cover remain high at more than 60, while fees to borrow are hot but down on early-October rates.
Utilisation of Banca Monte dei Paschi di Siena has dropped nearly 20 percent in the last two months, but fees to borrow have quadrupled the rate at which they started 2013
Far East/Australia Pacific
GungHo Online Entertainment fees are climbing even higher. The stock price has rebounded slightly since the last-August dip, while utilisation has remained in the mid-90 percent range for months. GungHo isn't showing signs that it will be dropping off this list anytime soon.
Celltrion stock has dropped in price over the past two months. Fees to borrow have risen slightly over that period, but have been wavering between GC and hot recently.
BYD Company H fees to borrow are now about half where they started the year, while the stock price continues its ascent. Utilisation peaked in August, came down in September, and is rising again this month.
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