Pharma and transport offer shorters rich pickings
14 December 2016 London
Image: Shutterstock
The pharmaceutical and transport sectors dominated the FIS Astec Analytics regional hot stocks lists for the week beginning 5 December.
UK pharma company and hot stocks regular Livanova has been battling to keep its share price stable through a repurchase programme in the wake of poor earnings results, making it the top top pick for Europe, the Middle East and Africa.
Its share price hits a 12-month low of US $41.21 three weeks ago, down from $68.14 this time last year, representing a value loss of 40 percent, according to FIS.
Despite the buy-back investment, short interest has increased 59 percent in the past two weeks, a new 12-month high.
In the Americas, female health expert TherapeuticsMD has seen short interest rise as fast as its share price has fallen over the past 12 months, according to FIS.
A 12-month high of $11 for its share price must seem like a long time ago for the company, which has endured a steady value drop-off throughout the year, closing last week at $6.16. Short interest has doubled during that same period.
Astec Analytics data highlighted that, since 1 November, volumes have jumped a further 81 percent and now account for 82 percent of the shares available to borrow.
In the Asia Pacific, the gravy train might be restarting for short sellers targeting Fukuyama Transport Company.
Short interest increased 6 percent last week, signalling a reversal of sentiment after 10 percent of positions were closed out during November.
Share price closed last week at CNY 659 (US $95.44), having briefly hit a 12-month peak of CNY 663 ($96.02) but short sellers appear to be sensing this may be short lived.
UK pharma company and hot stocks regular Livanova has been battling to keep its share price stable through a repurchase programme in the wake of poor earnings results, making it the top top pick for Europe, the Middle East and Africa.
Its share price hits a 12-month low of US $41.21 three weeks ago, down from $68.14 this time last year, representing a value loss of 40 percent, according to FIS.
Despite the buy-back investment, short interest has increased 59 percent in the past two weeks, a new 12-month high.
In the Americas, female health expert TherapeuticsMD has seen short interest rise as fast as its share price has fallen over the past 12 months, according to FIS.
A 12-month high of $11 for its share price must seem like a long time ago for the company, which has endured a steady value drop-off throughout the year, closing last week at $6.16. Short interest has doubled during that same period.
Astec Analytics data highlighted that, since 1 November, volumes have jumped a further 81 percent and now account for 82 percent of the shares available to borrow.
In the Asia Pacific, the gravy train might be restarting for short sellers targeting Fukuyama Transport Company.
Short interest increased 6 percent last week, signalling a reversal of sentiment after 10 percent of positions were closed out during November.
Share price closed last week at CNY 659 (US $95.44), having briefly hit a 12-month peak of CNY 663 ($96.02) but short sellers appear to be sensing this may be short lived.
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