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Industry news

Markit’s most shorted


19 August 2015 London
Reporter: Mark Dugdale

Generic business image for news article
Image: Shutterstock
Short sellers are circling large retailers in North America ahead of earnings announcements, according to Markit.

The most shorted ahead of earnings in North America recently was specialty food retailer Fresh Market. A fifth of available inventory was out on loan and shares in the company were down almost 30 percent since the beginning of the year.

Department store chain Stage Stores had 16 percent of shares out on loan, a rise of 130 percent in the last three months.

In Europe, Schoeller Bleckmann Oilfield Equipment was the most shorted ahead of earnings with 10.4 percent of shares out on loan.

Shares in the oil services and equipment firm have slipped 44 percent in the last 12 months, with short interest increasing six-fold over the same period, according to Markit.

Attracting the most interest in the Asia Pacific was Monadelphous Group with 15 percent of shares out on loan.

The Australian engineering group has come under pressure because it serves the resources, energy and infrastructure sectors, which have been hit hard in recent months, said Markit. Shares have declined by 55 percent in the last 12 months.

Chinese property developer China Vanke has also been on the radar of short sellers, with 14 percent of its shares out on loan.
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