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DataLend's top earners


21 July 2014 New York
Reporter: Stephen Durham

Generic business image for news article
Image: Shutterstock
DataLend has released its latest list of the top ten earning securities lending equities in the US, UK, Europe and the Far East/Australia Pacific region.

Theravance (THRX) tops the list of the top US earners as of 17 July 2014, despite the biopharmaceutical company’s stock price inching steadily lower in recent months. When the trend reversed in early June, fees to borrow began trending higher.

The stock price of 3D Systems (DDD) has been trending steadily lower on DataLend’s list over previous months, while fees to borrow have exhibited some volatility, now hovering less than half the highs seen in May. Despite the market fluctuations, Forbes recently named the 3D printing company one of its ‘most innovative growth companies’.

Quindell (QPP.LN) remains DataLend’s top earner in the UK. The firm recently reported that its revenues have significantly increased, but fees to borrow are trending continually higher. Utilisation is not budging from these nearly maxed-out levels.

Fees to borrow the London-listed global depository receipt of Saint Petersburg-headquartered JSC VTB Bank (VTBR.LN) peaked in early June and have been trending steadily lower since. Utilisation had been steadily climbing since late 2013 and is down only slightly now from June’s highs.

Gemalto, no stranger to DataLend’s European top 10, has seen fees to borrow trending steadily higher for months. Utilisation has been fairly steady at this level for this stock, even as the stock price has declined since the news it lost its patent fight against Android last month.

Banco Comercial Portugues (BCP.PL) fees to borrow have also been trending much higher in recent weeks amid turmoil in the Portuguese markest, while utilisation has reached new highs.

In the Far East/Australia Pacific region Anhui Conch’s (914.HK) fees to borrow have been trending steadily higher across most of 2014, despite some volatility recently.

Utilisation has gradually inched up to new highs. The Chinese cement maker reportedly said earlier this month that it expects a rise in profit for the H1 of 2014.

GungHo Online (3765.JP) fees to borrow are also trending lower in July than the highs of February and March, but utilisation is back up to the levels seen then. The stock price has been declining again in the past month following a short-lived rise from late May through mid-June.
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