Markit’s most shorted: Abercrombie & Fitch and APAC
26 May 2015 London
Image: Shutterstock
Abercrombie & Fitch is attracting short interest ahead of earnings announcements, while Australian firms are among the most shorted in the Asia Pacific and China, according to Markit Securities Finance.
Short sellers continue to position themselves in Abercrombie & Fitch, which was the most shorted stock ahead of earnings in November 2014.
The stock has declined a further 28 percent, with shares outstanding on loan currently at 19 percent ahead of earnings.
Tidewater, an offshore vessel provider to the energy industry, has 43 percent of its shares out on loan, with the stock already having lost 50 percent of its value in the last 12 months.
Shares have rallied in recent weeks along with the oil price recovery, which has seen short sellers cover some of their positions from the April highs, according to Markit. But demand to short remains strong, with the cost to borrow nearly tripling in the last month.
Short interest remains high in Seadrill at 9.7 percent of shares outstanding on loan. The offshore drilling contractor has seen shares fall 55 percent since oil prices started to collapse in June 2014.
In the Asia Pacific and China, Australian-based ALS, which provides testing services to the mineral, life sciences, and energy and industrial segments, has seen a 23 percent spike in shares outstanding on loan.
Australian foreign exchange service provider Ozforex, meanwhile, has seen shares outstanding on loan increase to 5.5 percent.
Short sellers continue to position themselves in Abercrombie & Fitch, which was the most shorted stock ahead of earnings in November 2014.
The stock has declined a further 28 percent, with shares outstanding on loan currently at 19 percent ahead of earnings.
Tidewater, an offshore vessel provider to the energy industry, has 43 percent of its shares out on loan, with the stock already having lost 50 percent of its value in the last 12 months.
Shares have rallied in recent weeks along with the oil price recovery, which has seen short sellers cover some of their positions from the April highs, according to Markit. But demand to short remains strong, with the cost to borrow nearly tripling in the last month.
Short interest remains high in Seadrill at 9.7 percent of shares outstanding on loan. The offshore drilling contractor has seen shares fall 55 percent since oil prices started to collapse in June 2014.
In the Asia Pacific and China, Australian-based ALS, which provides testing services to the mineral, life sciences, and energy and industrial segments, has seen a 23 percent spike in shares outstanding on loan.
Australian foreign exchange service provider Ozforex, meanwhile, has seen shares outstanding on loan increase to 5.5 percent.
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