AAOI and Euronav top FIS hot stocks lists
18 October 2017 London
Image: Shutterstock
Euronav led the FIS Astec Analytics hot stocks list for Europe, the Middle East and Africa (EMEA) for the week starting 9 October.
The Belgium-based operator of crude oil tankers and storage facilities, has been a regular feature on the list in the last month.
Euronav came out on top last week after short selling advanced through September, with utilisation standing at 34 percent, down from 44 percent.
Livanova (LIVN), a UK-based pharmaceutical company, came second in the EMEA hot stocks list as its short interest advanced slightly in the past few weeks as the shares peaked, enabling the company to close the week at $74.99.
FIS noted this was a new 12-month peak, if only by a slim margin, over the levels previously seen in June, when shares hit a plateau of $60.
LIVN’s share price has continued to recover from the 12-month low where it saw its price range from $40 to $75, which FIS reported was because it is still recovering from last November when shares collapsed from $56 to $40.
For the Americas hot stocks list, Applied Optoelectronics (AAOI), the US-based fiber-optic networking provider, was top of the list after interest volume was more than 90 percent of the available shares since the start of August, and closed last week at over 95 percent.
Snap, owner of photo sharing app Snapchat, came second on the list last week after its short interest grew by 12 percent, closing last week at $16.50.
Over the past week, short interest grew by roughly 6 percent, but as a proportion of the shares available, it fell, albeit by less than 1 percent.
FIS suggested that this represented new supply in the market.
“Despite the positive news, over 93 percent of the shares available are being borrowed, suggesting that the negative sentiment remains.”
The Belgium-based operator of crude oil tankers and storage facilities, has been a regular feature on the list in the last month.
Euronav came out on top last week after short selling advanced through September, with utilisation standing at 34 percent, down from 44 percent.
Livanova (LIVN), a UK-based pharmaceutical company, came second in the EMEA hot stocks list as its short interest advanced slightly in the past few weeks as the shares peaked, enabling the company to close the week at $74.99.
FIS noted this was a new 12-month peak, if only by a slim margin, over the levels previously seen in June, when shares hit a plateau of $60.
LIVN’s share price has continued to recover from the 12-month low where it saw its price range from $40 to $75, which FIS reported was because it is still recovering from last November when shares collapsed from $56 to $40.
For the Americas hot stocks list, Applied Optoelectronics (AAOI), the US-based fiber-optic networking provider, was top of the list after interest volume was more than 90 percent of the available shares since the start of August, and closed last week at over 95 percent.
Snap, owner of photo sharing app Snapchat, came second on the list last week after its short interest grew by 12 percent, closing last week at $16.50.
Over the past week, short interest grew by roughly 6 percent, but as a proportion of the shares available, it fell, albeit by less than 1 percent.
FIS suggested that this represented new supply in the market.
“Despite the positive news, over 93 percent of the shares available are being borrowed, suggesting that the negative sentiment remains.”
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