Top of hot stocks: Dignity and J C Penney
06 June 2018 London
Image: Shutterstock
Dignity led the FIS Astec Analytics hot stocks list for Europe, the Middle East, and Africa last week.
Having made its debut in January this year, Dignity, the only publicly listed UK-based provider of funerals and related services in the UK, saw its share price fall 19 percent over the last two weeks.
FIS said: “Short sellers seem remarkably disinterested in shorting Dignity, possibly due to the 58 percent fall in the share price that has already been recorded over the last 12 months.”
Following Dignity was Bourbon Corporation SA, a French small cap marine services company, which appeared for the first time on the hot stocks list this week.
Over the last 12 months, Bourbon’s share price has fallen, at a loss of some 46 percent.
Short sellers have closed out some 17 percent of their open positions over the last year.
However according to FIS, this does not appear to have been out of choice. Utilisation, over the same period, has risen from 96 percent to the maximum 100 percent, where it has been since May 18.
JC Penney topped the Americas hot stocks list this week, as its shares fell to their lowest level in five years.
Short interest volume jumped to a new 12-month peak, up some 23 percent, before falling back slightly to close up 20 percent.
FIS found this new activity pushed utilisation back to the maximum 100 percent, up from 98 percent two weeks ago.
Having made its debut in January this year, Dignity, the only publicly listed UK-based provider of funerals and related services in the UK, saw its share price fall 19 percent over the last two weeks.
FIS said: “Short sellers seem remarkably disinterested in shorting Dignity, possibly due to the 58 percent fall in the share price that has already been recorded over the last 12 months.”
Following Dignity was Bourbon Corporation SA, a French small cap marine services company, which appeared for the first time on the hot stocks list this week.
Over the last 12 months, Bourbon’s share price has fallen, at a loss of some 46 percent.
Short sellers have closed out some 17 percent of their open positions over the last year.
However according to FIS, this does not appear to have been out of choice. Utilisation, over the same period, has risen from 96 percent to the maximum 100 percent, where it has been since May 18.
JC Penney topped the Americas hot stocks list this week, as its shares fell to their lowest level in five years.
Short interest volume jumped to a new 12-month peak, up some 23 percent, before falling back slightly to close up 20 percent.
FIS found this new activity pushed utilisation back to the maximum 100 percent, up from 98 percent two weeks ago.
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