Top of hot stocks: Obrascan Huarte Lain SA
08 August 2018 London
Image: Shutterstock
Obrascon Huarte Lain SA (OHL), led the FIS Astec Analytics hot stocks list for Europe, the Middle East, and Africa last week.
The Spain-based construction and engineering company saw shares build themselves up from a 12-month low of €2.51 seen in June.
Last week saw the shares closed at €2.86, having reached as high as €3.01 at the end of July.
FIS found that short interest volume ended the week at almost exactly the same level that it was 12 months ago, concealing a reduction of around two-thirds going into the start of 2018.
Following OHL was Vallourec SA (VLLP), the France-based steel tube manufacturer, which made its third consecutive week on the hot stocks list.
FIS found that short interest volume continued to decrease, falling a further 3 percent over the last week, but utilisation fell three times as fast at 9 percent.
Tesla, the electric vehicle and renewable energy corporation, topped the Americas hot stocks last week.
Following the better than expected quarterly report, the shares jumped to peak at $349.54 before closing the week at $348.17, up 17 percent or $50.99 apiece.
FIS said: “Volume and utilisation remained static over the past week, which suggests that, while short sellers may be spooked, they have not rushed to crystallise any losses they may hold.”
Following Tesla, was HUYA, the American depositary receipt issue of the China-based live streaming platform.
Shares fell 10 percent, closing the week at $31.57, while short interest volume jumped 18 percent by midweek, falling back to close up at 1.5 percent.
Despite the rise in volume, utilisation fell by just over 1 percent, ending the week at 90 percent.
The Spain-based construction and engineering company saw shares build themselves up from a 12-month low of €2.51 seen in June.
Last week saw the shares closed at €2.86, having reached as high as €3.01 at the end of July.
FIS found that short interest volume ended the week at almost exactly the same level that it was 12 months ago, concealing a reduction of around two-thirds going into the start of 2018.
Following OHL was Vallourec SA (VLLP), the France-based steel tube manufacturer, which made its third consecutive week on the hot stocks list.
FIS found that short interest volume continued to decrease, falling a further 3 percent over the last week, but utilisation fell three times as fast at 9 percent.
Tesla, the electric vehicle and renewable energy corporation, topped the Americas hot stocks last week.
Following the better than expected quarterly report, the shares jumped to peak at $349.54 before closing the week at $348.17, up 17 percent or $50.99 apiece.
FIS said: “Volume and utilisation remained static over the past week, which suggests that, while short sellers may be spooked, they have not rushed to crystallise any losses they may hold.”
Following Tesla, was HUYA, the American depositary receipt issue of the China-based live streaming platform.
Shares fell 10 percent, closing the week at $31.57, while short interest volume jumped 18 percent by midweek, falling back to close up at 1.5 percent.
Despite the rise in volume, utilisation fell by just over 1 percent, ending the week at 90 percent.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
