Short sellers Diglett Nintendo
15 July 2016 London
Image: Shutterstock
The gaming phenomenon Pokémon Go has helped Nintendo’s share price to soar by 93 percent in the past week, but FIS Astec Analytics data has revealed that speculative short sellers are also gathering.
Borrow volume in Nintendo grew by 73 percent in the past week, although, as FIS noted, this remains some way below the 12-month peak borrow volume seen last March.
David Lewis, senior vice president and FIS Astec Analytics, commented: ‘It [the rise in borrow volume] is a move that cannot be ignored any more than you can ignore the hordes walking the streets attacking virtual monsters with their smartphones.”
Pokémon Go gained more than 65 million users in the US alone within seven days of its launch, and its global following is expected to grow significantly with the UK release on 14 July.
Borrow volume in Nintendo grew by 73 percent in the past week, although, as FIS noted, this remains some way below the 12-month peak borrow volume seen last March.
David Lewis, senior vice president and FIS Astec Analytics, commented: ‘It [the rise in borrow volume] is a move that cannot be ignored any more than you can ignore the hordes walking the streets attacking virtual monsters with their smartphones.”
Pokémon Go gained more than 65 million users in the US alone within seven days of its launch, and its global following is expected to grow significantly with the UK release on 14 July.
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