Top of hot stocks: Debenhams and HUYA
18 July 2018 London
Image: Shutterstock
Debenhams led the FIS Astec Analytics hot stocks list for Europe, the Middle East, and Africa last week (ending 13 July).
The UK-based department store has issued its third profits warning in a row. Short sellers aggressively built positions in the last quarter of 2017, pushing utilisation to 77 percent going into January, banking some gains by April.
Despite a small drop off in volume over the past 10 days, the store utilisation level closed at 67 percent last week.
Following Debenhams was Duerr, the German-based services and equipment provider to automobile and aircraft industries.
Duerr’s previous appearance identified a sharp increase of some 200 percent in short interest volume.
This last week has seen an additional 12 percent growth in volume, this time matched closely by a 12 percent growth in utilisation, ending the week at just under 40 percent.
Making its debut on the Americas hot stocks list this week is HUYA, a China-based live streaming platform.
HUYA saw its share price triple from its launch price from May to June. Short sellers were quick to get involved and borrowed shares as soon as they became available.
Volume rose from zero to over 6.25 million shares by the end of last week.
Utilisation closed last week at 100 percent as short sellers counted the gains arising from the shares.
Following HUYA was IQIYI, also a provider of online entertainment services in mainland China.
Commenting on IQIYI, FIS said: “Short sellers are aggressively building positions, going from zero at the start of April to over 30,800,000 shares borrowed at the close of last week, representing 72 percent of the shares available on the market.”
The UK-based department store has issued its third profits warning in a row. Short sellers aggressively built positions in the last quarter of 2017, pushing utilisation to 77 percent going into January, banking some gains by April.
Despite a small drop off in volume over the past 10 days, the store utilisation level closed at 67 percent last week.
Following Debenhams was Duerr, the German-based services and equipment provider to automobile and aircraft industries.
Duerr’s previous appearance identified a sharp increase of some 200 percent in short interest volume.
This last week has seen an additional 12 percent growth in volume, this time matched closely by a 12 percent growth in utilisation, ending the week at just under 40 percent.
Making its debut on the Americas hot stocks list this week is HUYA, a China-based live streaming platform.
HUYA saw its share price triple from its launch price from May to June. Short sellers were quick to get involved and borrowed shares as soon as they became available.
Volume rose from zero to over 6.25 million shares by the end of last week.
Utilisation closed last week at 100 percent as short sellers counted the gains arising from the shares.
Following HUYA was IQIYI, also a provider of online entertainment services in mainland China.
Commenting on IQIYI, FIS said: “Short sellers are aggressively building positions, going from zero at the start of April to over 30,800,000 shares borrowed at the close of last week, representing 72 percent of the shares available on the market.”
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