Short sellers find new target in Europe
19 July 2016 London
Image: Shutterstock
Short sellers continued to press their latest target LivaNova, while old favourites Tesla Motors and IMAX China Holdings held their tops positions in the FIS Astec Analytics hot stocks list for the week beginning 8 August.
London-based medical device manufacturer LivaNova has topped the Astec Analytics hot stocks list for Europe for the second time as short sellers doubled down on borrowing interest last week despite positive share price growth.
Short sellers initially grew their position in LivaNova by 21 percent ahead to earnings results, and then added another 21 percent shortly after the publication, despite the company’s share price actually rising 12 percent following the publication, closing at $61.02, according to Astec Analytics.
Tesla Motors, after a near constant presence in the Astec Analytics hot stocks list, borrowing interest had fallen by a net 20 percent by 12 August, although as a proportion of the number of shares available, it has only fallen 9 percent.
Astec Analytics noted that Tesla’s shares remain net down some $35 from the 12-month high of more than $260 after a number of controversies, including the takeover of SolarCity, which was also regularly featured in Astec Analytics hot stocks.
In the Asia Pacific, media juggernaut IMAX China Holding jumped from fifth last week to take the top spot in this week’s hot stock list after on-loan volume hit a new high of 65 percent of available shares.
Short interest increased by 6.5 percent last week despite the IMAX share price recovering 30 percent from a 12-month low of HKD 36.25 (USD 4.67) in June to close at HKD 47.10 (USD 6.07) by 12 August.
London-based medical device manufacturer LivaNova has topped the Astec Analytics hot stocks list for Europe for the second time as short sellers doubled down on borrowing interest last week despite positive share price growth.
Short sellers initially grew their position in LivaNova by 21 percent ahead to earnings results, and then added another 21 percent shortly after the publication, despite the company’s share price actually rising 12 percent following the publication, closing at $61.02, according to Astec Analytics.
Tesla Motors, after a near constant presence in the Astec Analytics hot stocks list, borrowing interest had fallen by a net 20 percent by 12 August, although as a proportion of the number of shares available, it has only fallen 9 percent.
Astec Analytics noted that Tesla’s shares remain net down some $35 from the 12-month high of more than $260 after a number of controversies, including the takeover of SolarCity, which was also regularly featured in Astec Analytics hot stocks.
In the Asia Pacific, media juggernaut IMAX China Holding jumped from fifth last week to take the top spot in this week’s hot stock list after on-loan volume hit a new high of 65 percent of available shares.
Short interest increased by 6.5 percent last week despite the IMAX share price recovering 30 percent from a 12-month low of HKD 36.25 (USD 4.67) in June to close at HKD 47.10 (USD 6.07) by 12 August.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
