SunGard's hottest stocks
14 May 2015 Global
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Much of the UK securities lending market has seen buoyancy following a surprise majority win for the Conservative party, according to SunGard's Astec Analytics.
This has reassured investors and benefited companies such as Premier Oil (PMO.L), as many analysts have suggested the win would offer benefits for those companies operating in the North Sea.
As its share price gained ground, Astec's data has suggested short sellers also began to cover their positions, with borrowing volumes falling about 11 percent.
Transocean’s (RIG) share price has also gained ground despite mixed numbers.
On the borrowing front, these gains have seemingly triggered a bout of short covering, with volumes falling 9 percent in just one day.
In the Americas, Time Warner Cable (TWC) has seen fresh attention as news emerged that Charter Communications was arranging a debt package in order to pursue its merger with the cable giant.
Astec commented: “As its shares lost ground, so too did borrowing volumes however, hinting at an increase in short covering—the number of TWC shares being borrowed falling 30 percent in the week.”
In contrast to oil company activity in the UK, US renewable energy producer Clean Energy Fuel Corporation (CLNE) has caught focus after UPS said they would be using renewable natural gas for part of its delivery fleet—Clean Energy producing the first such gas available in commercial quantities.
Despite this, its share price did see some pressure as a number of investors took profit on the back of recent highs, while on the borrowing front Astec’s data suggested demand to short sell picked up—the cost of borrowing climbing from under 40 percent to a peak of over 65 percent.
Japanese tech giant Sharp (6753) has secured the top position in Astec’s list for the Asia Pacific region after it said its upcoming restructuring plan could include an accounting adjustment that would effectively wipe out much of the underlying value of current shareholder investments—bringing about a 30 percent decline in the stock.
On the borrowing front, Astec's data has suggested short sellers have been covering positions for more than a month, with volumes now down 12 percent compared to 1 April.
Mixi (2121) has also seen interest ahead of its latest earnings numbers; investors seemingly taking on positive expectations as the share price has climbed.
Astec's data has also suggested short sellers have been increasing their stakes, with volumes up 20 percent over the past six weeks.
This has reassured investors and benefited companies such as Premier Oil (PMO.L), as many analysts have suggested the win would offer benefits for those companies operating in the North Sea.
As its share price gained ground, Astec's data has suggested short sellers also began to cover their positions, with borrowing volumes falling about 11 percent.
Transocean’s (RIG) share price has also gained ground despite mixed numbers.
On the borrowing front, these gains have seemingly triggered a bout of short covering, with volumes falling 9 percent in just one day.
In the Americas, Time Warner Cable (TWC) has seen fresh attention as news emerged that Charter Communications was arranging a debt package in order to pursue its merger with the cable giant.
Astec commented: “As its shares lost ground, so too did borrowing volumes however, hinting at an increase in short covering—the number of TWC shares being borrowed falling 30 percent in the week.”
In contrast to oil company activity in the UK, US renewable energy producer Clean Energy Fuel Corporation (CLNE) has caught focus after UPS said they would be using renewable natural gas for part of its delivery fleet—Clean Energy producing the first such gas available in commercial quantities.
Despite this, its share price did see some pressure as a number of investors took profit on the back of recent highs, while on the borrowing front Astec’s data suggested demand to short sell picked up—the cost of borrowing climbing from under 40 percent to a peak of over 65 percent.
Japanese tech giant Sharp (6753) has secured the top position in Astec’s list for the Asia Pacific region after it said its upcoming restructuring plan could include an accounting adjustment that would effectively wipe out much of the underlying value of current shareholder investments—bringing about a 30 percent decline in the stock.
On the borrowing front, Astec's data has suggested short sellers have been covering positions for more than a month, with volumes now down 12 percent compared to 1 April.
Mixi (2121) has also seen interest ahead of its latest earnings numbers; investors seemingly taking on positive expectations as the share price has climbed.
Astec's data has also suggested short sellers have been increasing their stakes, with volumes up 20 percent over the past six weeks.
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