Top of hot stocks: Meyer Burger and Bilibili
24 July 2018 London
Image: Shutterstock
Meyer Burger Technology led the FIS Astec Analytics hot stocks list for Europe, the Middle East, and Africa last week (ending 20 July).
The Switzerland-based semiconductor manufacturer, specialising in solar power, has had a two-week absence from the list but is back after its shares slumped some 21 percent over the last 14 days.
Over the same time period, short sellers closed out 4 percent of their open positions, pushing utilisation down a correlated 4 percent, down from 91 percent to 87 percent.
Following Meyer was IQE PLC, the UK-based semiconductor engineering consultancy services provider, as short sellers’ activity remains volatile.
Over the last two weeks, short sellers closed out some 9 percent of their positions, pushing utilisation down in line at around 8 percent, closing the week at 61 percent.
Top of the Americas hot stocks list this week is Bilibili Inc.
FIS found volume advanced once more last week, closing the week at a new high, pushing utilisation to over 99 percent.
FIS said this turn of events forced up borrowing costs for those expecting the value of Bilibili to fall further.
Following Bilibili and making its debut on the hot stocks list was Cracker Barrel Old Country Store, the US-based themed restaurant and store operator.
Short interest volume fell slightly in Q1 2018, but has been rising until the middle of last week when it fell back once more, dropping by 7 percent, but pushing utilisation down by over 27 percent, indicating a jump in supply.
The Switzerland-based semiconductor manufacturer, specialising in solar power, has had a two-week absence from the list but is back after its shares slumped some 21 percent over the last 14 days.
Over the same time period, short sellers closed out 4 percent of their open positions, pushing utilisation down a correlated 4 percent, down from 91 percent to 87 percent.
Following Meyer was IQE PLC, the UK-based semiconductor engineering consultancy services provider, as short sellers’ activity remains volatile.
Over the last two weeks, short sellers closed out some 9 percent of their positions, pushing utilisation down in line at around 8 percent, closing the week at 61 percent.
Top of the Americas hot stocks list this week is Bilibili Inc.
FIS found volume advanced once more last week, closing the week at a new high, pushing utilisation to over 99 percent.
FIS said this turn of events forced up borrowing costs for those expecting the value of Bilibili to fall further.
Following Bilibili and making its debut on the hot stocks list was Cracker Barrel Old Country Store, the US-based themed restaurant and store operator.
Short interest volume fell slightly in Q1 2018, but has been rising until the middle of last week when it fell back once more, dropping by 7 percent, but pushing utilisation down by over 27 percent, indicating a jump in supply.
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