JCPenney in fashion for short sellers
24 March 2017 London
Image: Shutterstock
JCPenney, SAP and Universal Entertainment were all regional top picks for FIS Astec Analytics in the Europe, Middle East and Africa (EMEA), the Americas and the Asia Pacific, respectively.
In the Americas, JCPenney experienced a 48 percent loss in share values over the past 12 months, finishing last week at USD 5.99, the lowest level since the first quarter of 2014.
The retailer also disclosed the loss of around 5,000 jobs and the closure of some 138 stores due to competition from Internet retail and low-cost competition.
Shares are also down 84 percent compared with five years ago.
SAP has claimed the EMEA top spot for the week starting 13 March.
After appearing in the hot stocks list six weeks ago, SAP saw a growth in its short interest from the 12-month low it recorded in the last week of January.
It also experienced a 29 percent rise in share price over the previous 12 months.
Making its debut this week for the Asia Pacific, Japanese gaming machine manufacturer Universal Entertainment saw a rise in shares of some 152 percent.
Twelve months ago, the company shares were trading around RMB 1,815 (USD 263.5) but by March it recorded a 12 month peak of RMB 4,575 (USD 664), a rise of roughly 152 percent.
The top four companies that have made the hot stocks list this week in the Asia Pacific: Universal Entertainment; GungHo Online Entertainment;, China Unicom Hong Kong Limited; and Line Corporation, are all technology companies.
This suggests that short sellers are seeing a weakness in the wider market.
In the Americas, JCPenney experienced a 48 percent loss in share values over the past 12 months, finishing last week at USD 5.99, the lowest level since the first quarter of 2014.
The retailer also disclosed the loss of around 5,000 jobs and the closure of some 138 stores due to competition from Internet retail and low-cost competition.
Shares are also down 84 percent compared with five years ago.
SAP has claimed the EMEA top spot for the week starting 13 March.
After appearing in the hot stocks list six weeks ago, SAP saw a growth in its short interest from the 12-month low it recorded in the last week of January.
It also experienced a 29 percent rise in share price over the previous 12 months.
Making its debut this week for the Asia Pacific, Japanese gaming machine manufacturer Universal Entertainment saw a rise in shares of some 152 percent.
Twelve months ago, the company shares were trading around RMB 1,815 (USD 263.5) but by March it recorded a 12 month peak of RMB 4,575 (USD 664), a rise of roughly 152 percent.
The top four companies that have made the hot stocks list this week in the Asia Pacific: Universal Entertainment; GungHo Online Entertainment;, China Unicom Hong Kong Limited; and Line Corporation, are all technology companies.
This suggests that short sellers are seeing a weakness in the wider market.
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