Canadian real estate investment fund attracts shorts
09 August 2016 London
Image: Shutterstock
Boardwalk REIT is among short sellers’ most sought after stock in the run-up to its next earnings announcement, according to IHS Markit.
The real estate investment fund has a large exposure to the Alberta and Saskatchewan provinces, which are seeing rising vacancy rates.
“While Boardwalk shares have rallied by a third from the lows seen in January, short sellers have been adding to their positions as short interest has surged by two thirds over the same period of time,” IHS Markit analyst Simon Colvin wrote in an update on recent short selling trends.
Elsewhere in Canada, Badger Daylighting has been attracting interest, with just under 30 percent of its shares currently out on loan to short sellers.
Badger’s exposure to infrastructure and oil spending, which have been affected by the recent slump in oil prices, saw its Q1 revenues shrink by more than 10 percent, prompting “short sellers to add to their already high positions”.
The real estate investment fund has a large exposure to the Alberta and Saskatchewan provinces, which are seeing rising vacancy rates.
“While Boardwalk shares have rallied by a third from the lows seen in January, short sellers have been adding to their positions as short interest has surged by two thirds over the same period of time,” IHS Markit analyst Simon Colvin wrote in an update on recent short selling trends.
Elsewhere in Canada, Badger Daylighting has been attracting interest, with just under 30 percent of its shares currently out on loan to short sellers.
Badger’s exposure to infrastructure and oil spending, which have been affected by the recent slump in oil prices, saw its Q1 revenues shrink by more than 10 percent, prompting “short sellers to add to their already high positions”.
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