Markit's most shorted
25 November 2014 London
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A number of packaged foods companies are amongst Markit’s most shorted in North America, as well as the biotech, solar and semiconductor sectors, ahead of earnings announcements.
Most shorted is Post Holdings with 17.9 percent of shares outstanding on loan. The consumer goods company’s share price is down 27 percent year-to-date.
Post Holdings is best known for cereal derived products, though earlier in 2014 they acquired Michael Foods Group to broaden their distribution and protein product range.
Amira Nature Foods, who produces and distributes predominately basmati rice to 50 countries globally, currently has 10 percent of shares outstanding on loan.
Lastly, in the packaged foods and meats sector, Campbell Soup has 5 percent of shares outstanding on loan ahead of earnings.
The most shorted share in the European market ahead of earnings is Elekta AB.
The Swedish company produces and sells advanced medical products involved in the treatment of neurological disorders and cancers.
The company currently has 20 percent of shares outstanding on loan, a decrease from highs of 30 percent reached in August. The share price is down 22 percent year to date, according to Markit.
Portugal Telecom takes second position in Europe on Markit’s list, with 9.2 percent shares outstanding on loan—this is lower than the short interest of 14.7 percent in May.
Famous Cognac and spirit producer Remy Cointreau is the third most shorted stock in Europe ahead of earnings with 8.9 percent of shares outstanding on loan.
A news report out in November revealed that the Chinese Communist Party’s efforts at campaigning against lavish living are bearing fruit as impacts are being felt in French premium liquor exports with significant declines in demand of premium wines and spirits.
With 8.6 percent of shares outstanding on loan, milk producer Huishan is the most shorted stock in the Asia Pacific region.
The company has the second largest herd in China with 106,000 dairy cows. The company’s initial public offering last year raised $1.3 billion and the share price is down 40 percent year to date as management executes buybacks at depressed levels.
Australian commercial services company ALS is second most shorted in the region.
The firm provides services to minerals, life sciences energy and industrial sectors and is impacted by lower energy and oil prices experienced currently.
ALS currently has 7.3 percent of shares outstanding and the share price has declined by 47 percent year-to-date, according to Markit.
Most shorted is Post Holdings with 17.9 percent of shares outstanding on loan. The consumer goods company’s share price is down 27 percent year-to-date.
Post Holdings is best known for cereal derived products, though earlier in 2014 they acquired Michael Foods Group to broaden their distribution and protein product range.
Amira Nature Foods, who produces and distributes predominately basmati rice to 50 countries globally, currently has 10 percent of shares outstanding on loan.
Lastly, in the packaged foods and meats sector, Campbell Soup has 5 percent of shares outstanding on loan ahead of earnings.
The most shorted share in the European market ahead of earnings is Elekta AB.
The Swedish company produces and sells advanced medical products involved in the treatment of neurological disorders and cancers.
The company currently has 20 percent of shares outstanding on loan, a decrease from highs of 30 percent reached in August. The share price is down 22 percent year to date, according to Markit.
Portugal Telecom takes second position in Europe on Markit’s list, with 9.2 percent shares outstanding on loan—this is lower than the short interest of 14.7 percent in May.
Famous Cognac and spirit producer Remy Cointreau is the third most shorted stock in Europe ahead of earnings with 8.9 percent of shares outstanding on loan.
A news report out in November revealed that the Chinese Communist Party’s efforts at campaigning against lavish living are bearing fruit as impacts are being felt in French premium liquor exports with significant declines in demand of premium wines and spirits.
With 8.6 percent of shares outstanding on loan, milk producer Huishan is the most shorted stock in the Asia Pacific region.
The company has the second largest herd in China with 106,000 dairy cows. The company’s initial public offering last year raised $1.3 billion and the share price is down 40 percent year to date as management executes buybacks at depressed levels.
Australian commercial services company ALS is second most shorted in the region.
The firm provides services to minerals, life sciences energy and industrial sectors and is impacted by lower energy and oil prices experienced currently.
ALS currently has 7.3 percent of shares outstanding and the share price has declined by 47 percent year-to-date, according to Markit.
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