Top of hot stocks: Meyer Burger, Tilray and Tongda Group Holdings
12 September 2018 London
Image: Shutterstock
Meyer Burger is leading the FIS Astec Analytics hot stocks list for Europe, the Middle East, and Africa, after featuring in the last three consecutive issues.
For Meyer Burger, the Switzerland-based semiconductor manufacturer specialising in the solar power industry, at the end of last week (7 September), utilisation stood at just over 92 percent as short sellers increased their exposure to a share that has fallen a net 56 percent over the last year, and down some 73 percent from the 12-month peak.
Also in this week’s list, was Nordex SE, the Germany-based manufacturer and distributor of wind power systems, who has been absent from the hot stocks list since January. Others included Bilfinger SE, Rallye SA, TechnipFMC and Norwegian Air Shuttle.
For the Americas, the top pick, making its debut on the hot stocks list and the first cannabis stock, was Tilray.
Tilray is engaged in the research, cultivation, processing and distribution of medicinal cannabis.
Coming to the market through an initial public offering (IPO) in July, the shares were launched at $17 apiece, above the indicated range of $14 to $16; despite this, the shares have grown strongly, peaking last week at $97.36, before closing at $77.89, a net 358 percent up post-IPO.
Also in the Americas list, was Tesla, Geron Corp, Zuora, Zscaler and Hi-Crush Partners LP.
Topping the Asia Pacific region was Tongda Group Holdings, who has been absent from the hot stocks list since late June. The Hong Kong-based manufacturer of precision components for mobile devices saw shared record a new 12-month low.
Japan-based provider of online communications, content and advertising services Line Corp also featured in the Asia Pacific hot stocks list. Absent from the hot stocks list since June, the company saw a jump is short selling activity. Short interest volume had been rising since January, growing 235 percent by May before levelling out at between 55 percent and 60 percent of the available supply.
Also on the Asia Pacific list was Peptidream, Shinoken Group, Ping An Insurance Group Co. of China and Askul Corporation.
For Meyer Burger, the Switzerland-based semiconductor manufacturer specialising in the solar power industry, at the end of last week (7 September), utilisation stood at just over 92 percent as short sellers increased their exposure to a share that has fallen a net 56 percent over the last year, and down some 73 percent from the 12-month peak.
Also in this week’s list, was Nordex SE, the Germany-based manufacturer and distributor of wind power systems, who has been absent from the hot stocks list since January. Others included Bilfinger SE, Rallye SA, TechnipFMC and Norwegian Air Shuttle.
For the Americas, the top pick, making its debut on the hot stocks list and the first cannabis stock, was Tilray.
Tilray is engaged in the research, cultivation, processing and distribution of medicinal cannabis.
Coming to the market through an initial public offering (IPO) in July, the shares were launched at $17 apiece, above the indicated range of $14 to $16; despite this, the shares have grown strongly, peaking last week at $97.36, before closing at $77.89, a net 358 percent up post-IPO.
Also in the Americas list, was Tesla, Geron Corp, Zuora, Zscaler and Hi-Crush Partners LP.
Topping the Asia Pacific region was Tongda Group Holdings, who has been absent from the hot stocks list since late June. The Hong Kong-based manufacturer of precision components for mobile devices saw shared record a new 12-month low.
Japan-based provider of online communications, content and advertising services Line Corp also featured in the Asia Pacific hot stocks list. Absent from the hot stocks list since June, the company saw a jump is short selling activity. Short interest volume had been rising since January, growing 235 percent by May before levelling out at between 55 percent and 60 percent of the available supply.
Also on the Asia Pacific list was Peptidream, Shinoken Group, Ping An Insurance Group Co. of China and Askul Corporation.
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