Short sellers sticking to form
26 October 2016 London
Image: Shutterstock
Short seller interest in IBM was reignited after the release of its Q3 earnings report last week caused the biggest one-day fall since the day of the UK’s EU referendum result, according to FIS Astec Analytics.
FIS Astec Analytics revealed that IBM topped its most recent hot stocks list for the Americas after the company saw a further 3 percent increase in short interest on top of what had already been accrued since interest began to rise in September.
In Europe, it was Fingerprint Cards that once again claimed the top spot for the region after another 10 percent uptick in short interest took it to an all-time high.
FIS Astec Analytics highlighted that the tech company's share price fell SEK 2 (USD 0.22) to close on 21 October at SEK 87.7 (USD 9.82) and utilisation is now over 80 percent of the available supply of shares.
To the east, in the Asia Pacific, it was another technology provider that sparked the interest of short sellers.
The share price of Japanese semiconductor services company Rorze appears to have reached the tip of a bell curve as it enjoyed a 245 percent rise to hit a 12-month peak of CNY 2,425 (USD 358.24) after strong earnings results on 11 October, only to close 28 percent below that point last week.
FIS Astec Analytics noted that short sellers grew their positions more than four-fold, to also hit a 12-month peak the week before the earnings results in anticipation of what they consider to be improper pricing.
FIS Astec Analytics revealed that IBM topped its most recent hot stocks list for the Americas after the company saw a further 3 percent increase in short interest on top of what had already been accrued since interest began to rise in September.
In Europe, it was Fingerprint Cards that once again claimed the top spot for the region after another 10 percent uptick in short interest took it to an all-time high.
FIS Astec Analytics highlighted that the tech company's share price fell SEK 2 (USD 0.22) to close on 21 October at SEK 87.7 (USD 9.82) and utilisation is now over 80 percent of the available supply of shares.
To the east, in the Asia Pacific, it was another technology provider that sparked the interest of short sellers.
The share price of Japanese semiconductor services company Rorze appears to have reached the tip of a bell curve as it enjoyed a 245 percent rise to hit a 12-month peak of CNY 2,425 (USD 358.24) after strong earnings results on 11 October, only to close 28 percent below that point last week.
FIS Astec Analytics noted that short sellers grew their positions more than four-fold, to also hit a 12-month peak the week before the earnings results in anticipation of what they consider to be improper pricing.
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
