SunGard’s hottest stocks
21 October 2015 London
Image: Shutterstock
SunGard’s Astec Analytics has compiled its list of the most desirable stocks for securities lending for the week starting 19 October.
Zalando, the German online fashion retailer took the top spot for Europe, the Middle East and Africa in its first entry in the chart.
Its shares dropped 13 percent after publishing disappointing Q3 results, which led interest in borrowing to double in September.
Transocean made its usual feature high in the list due to its shares being downgraded from ‘neutral’ to ‘reduce’ by analysts at Seaport Global Securities.
Despite its stock price holding fairly steady following the downgrade, Astec Analytics’s data suggests that short sellers took somewhat of a counter position after the news, reducing their positions as borrowing volumes fell about 10 percent in the week.
Down two positions, CNH Industrial continues to suffer in the wake of yet more concerns surrounding the farming equipment market, according to Astec Analytics.
The latest data suggests short sellers are using the falling stock price to bank profits and cover their positions.
Moving over to the Americas, Canadian drug firm Valeant Pharmaceuticals International came under the spotlight after it was revealed that US federal prosecutors were investigating its drug pricing methods. Share prices suffered an immediate 9 percent drop as a result of the legal activity but managed to recover half that back by the end of the week.
Nonetheless, borrowing interest in Valeant has grown 60 percent, according to Astec Analytics.
Chesapeake Energy Corporation also featured prominently after it was downgraded by Standard & Poors earlier in October. However, the number of shares being borrowed has actually fallen by 10 percent.
GoPro maintained its position in charts with Astec Analytics’s data highlighting a continued growth in short selling positions, with borrowing volumes now up about 70 percent compared to this time last month.
In the east, China Mobile garnered the most interest for securities lending for the Asia Pacific region.
Despite the news that the tech giant will be joining with the China’s two other top three telecoms operators to pool about $36 billion worth of assets to improve efficiency, short sellers on the Hong Kong Stock Exchange covered their positions, meaning volumes fell 43 percent.
GungHo Online Entertainment rose one place in the rankings. Its stocks benefitted from an upcoming collaboration with Nintendo to leverage the popular Super Mario character set with a new hand held 3DS game.
GungHo has seen significant borrowing increases over the past two weeks, with the number of shares being borrowed climbing 23 percent.
Finally, Great Wall Motor Company dropped down a place in the rankings thanks to positive sales figures. However, Astec Analytics data suggests that short sellers continue to be bearish with borrowing volumes rising 23 percent.
Zalando, the German online fashion retailer took the top spot for Europe, the Middle East and Africa in its first entry in the chart.
Its shares dropped 13 percent after publishing disappointing Q3 results, which led interest in borrowing to double in September.
Transocean made its usual feature high in the list due to its shares being downgraded from ‘neutral’ to ‘reduce’ by analysts at Seaport Global Securities.
Despite its stock price holding fairly steady following the downgrade, Astec Analytics’s data suggests that short sellers took somewhat of a counter position after the news, reducing their positions as borrowing volumes fell about 10 percent in the week.
Down two positions, CNH Industrial continues to suffer in the wake of yet more concerns surrounding the farming equipment market, according to Astec Analytics.
The latest data suggests short sellers are using the falling stock price to bank profits and cover their positions.
Moving over to the Americas, Canadian drug firm Valeant Pharmaceuticals International came under the spotlight after it was revealed that US federal prosecutors were investigating its drug pricing methods. Share prices suffered an immediate 9 percent drop as a result of the legal activity but managed to recover half that back by the end of the week.
Nonetheless, borrowing interest in Valeant has grown 60 percent, according to Astec Analytics.
Chesapeake Energy Corporation also featured prominently after it was downgraded by Standard & Poors earlier in October. However, the number of shares being borrowed has actually fallen by 10 percent.
GoPro maintained its position in charts with Astec Analytics’s data highlighting a continued growth in short selling positions, with borrowing volumes now up about 70 percent compared to this time last month.
In the east, China Mobile garnered the most interest for securities lending for the Asia Pacific region.
Despite the news that the tech giant will be joining with the China’s two other top three telecoms operators to pool about $36 billion worth of assets to improve efficiency, short sellers on the Hong Kong Stock Exchange covered their positions, meaning volumes fell 43 percent.
GungHo Online Entertainment rose one place in the rankings. Its stocks benefitted from an upcoming collaboration with Nintendo to leverage the popular Super Mario character set with a new hand held 3DS game.
GungHo has seen significant borrowing increases over the past two weeks, with the number of shares being borrowed climbing 23 percent.
Finally, Great Wall Motor Company dropped down a place in the rankings thanks to positive sales figures. However, Astec Analytics data suggests that short sellers continue to be bearish with borrowing volumes rising 23 percent.
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