Top of hot stocks: Shop Apotheke Europe and GOGO Inc
16 May 2018 London
Image: Shutterstock
Shop Apotheke Europe (SAEG), a Netherlands-based pharmacy and personal products retailer, made its debut on the FIS Astec Analytics hot stocks list for Europe, the Middle East, and Africa last week (11 May).
SAEG’s interest remained relatively low at around 10 percent of supply, until April when it jumped to almost 50 percent, ahead of Q1 results being released.
According to FIS, with 38 percent of the available shares remaining borrowed, there are some short sellers who expect it to fall further.
Following SAEG, was CNH Industrial NV (CNHI), another Netherlands-based firm, which last appeared on the list in March 2018. The firm has been notable for its decreasing short interest volumes over the 12 months to March.
Short interest volume itself, jumped 30 percent last week, though utilisation advanced by less than five percent, suggesting an increase in supply, potentially arising from large institutional funds buying into CNHI.
Top of the Americas hot stocks list, was GOGO, a provider of in-flight connectivity and entertainment for airlines.
Short sellers have held positions exceeding 90 percent of the available supply from GOGO for much of the last 12 months, expanding their positions by volume as soon as new supply becomes available.
Following GOGO, was J C Penney (JCP). The last three weeks has seen 100 percent of J C Penney shares being borrowed, with the retailer closing the week at 93 percent.
FIS said the fall in utilisation, of around 7 percent, runs contrary to the 8 percent increase in absolute volume of shares borrowed over the last week, suggesting a jump in supply.
JCP remain in place holding substantial short positions in anticipation of the final demise of the high-street name, said FIS.
SAEG’s interest remained relatively low at around 10 percent of supply, until April when it jumped to almost 50 percent, ahead of Q1 results being released.
According to FIS, with 38 percent of the available shares remaining borrowed, there are some short sellers who expect it to fall further.
Following SAEG, was CNH Industrial NV (CNHI), another Netherlands-based firm, which last appeared on the list in March 2018. The firm has been notable for its decreasing short interest volumes over the 12 months to March.
Short interest volume itself, jumped 30 percent last week, though utilisation advanced by less than five percent, suggesting an increase in supply, potentially arising from large institutional funds buying into CNHI.
Top of the Americas hot stocks list, was GOGO, a provider of in-flight connectivity and entertainment for airlines.
Short sellers have held positions exceeding 90 percent of the available supply from GOGO for much of the last 12 months, expanding their positions by volume as soon as new supply becomes available.
Following GOGO, was J C Penney (JCP). The last three weeks has seen 100 percent of J C Penney shares being borrowed, with the retailer closing the week at 93 percent.
FIS said the fall in utilisation, of around 7 percent, runs contrary to the 8 percent increase in absolute volume of shares borrowed over the last week, suggesting a jump in supply.
JCP remain in place holding substantial short positions in anticipation of the final demise of the high-street name, said FIS.
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