Markit’s most shorted ahead of earnings
11 January 2016 London
Image: Shutterstock
Fastenal, Suedzucker and Cave Interactive are among the most shorted companies ahead of upcoming earnings announcements, according to Markit.
The most shorted in North America was Fastenal with 15.9 percent of shares outstanding on loan.
Shares for the industrial and construction supplies company hit a year-low at the beginning of October 2015 but have subsequently rallied 12 percent, according to Markit.
This has attracted short sellers who have increased positions by 24 percent, ahead of earnings announcements.
The second most shorted North America was biotechnology company Mimedx Group with 14.9 percent of shares outstanding on loan.
Shares have faltered since July 2015, falling 26 percent in the past six months, some of which was recently recovered thanks to positive earnings guidance released by the company.
Suedzucker was once again the most shorted in Europe ahead of earnings at the start of the year.
It currently has 2.5 percent of shares outstanding on loan, although share prices have risen 12 percent in the past three months.
This was driven by sugar prices finally bottoming out in 2015, according to Markit.
After several years of declining prices, a slight recovery was seen in the final months of the year despite the company recently guiding earnings expectations lower.
In the Asia Pacific, the most shorted ahead of earnings was Japanese app and game developer Cave Interactive, with short interest jumping a third.
There are 10.8 percent of shares outstanding on loan with the stock moving higher by 68 percent in the past three months alone.
The most shorted in North America was Fastenal with 15.9 percent of shares outstanding on loan.
Shares for the industrial and construction supplies company hit a year-low at the beginning of October 2015 but have subsequently rallied 12 percent, according to Markit.
This has attracted short sellers who have increased positions by 24 percent, ahead of earnings announcements.
The second most shorted North America was biotechnology company Mimedx Group with 14.9 percent of shares outstanding on loan.
Shares have faltered since July 2015, falling 26 percent in the past six months, some of which was recently recovered thanks to positive earnings guidance released by the company.
Suedzucker was once again the most shorted in Europe ahead of earnings at the start of the year.
It currently has 2.5 percent of shares outstanding on loan, although share prices have risen 12 percent in the past three months.
This was driven by sugar prices finally bottoming out in 2015, according to Markit.
After several years of declining prices, a slight recovery was seen in the final months of the year despite the company recently guiding earnings expectations lower.
In the Asia Pacific, the most shorted ahead of earnings was Japanese app and game developer Cave Interactive, with short interest jumping a third.
There are 10.8 percent of shares outstanding on loan with the stock moving higher by 68 percent in the past three months alone.
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