Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. Top of hot stocks: Norwegian Air Shuttle ASA
Industry news

Top of hot stocks: Norwegian Air Shuttle ASA


27 June 2018 London
Reporter: Maddie Saghir

Generic business image for news article
Image: Shutterstock
Norwegian Air Shuttle ASA (NWC) led the FIS Astec Analytics hot stocks list for Europe, the Middle East, and Africa last week.

NWC, the Norway-based airline, saw an increase by midweek, with a fall back to give net reduction of some 2 percent overall.

Utilisation grew from 65 percent to 69 percent, suggesting a contraction in supply as some long investors took advantage of the price bounce and sold out, which indicates a potential lack of confidence that the shares can climb any further despite the interest from Germany.

Following NWC was Vallourec SA, the France-based steel tube manufacturer. In contrast to the prior three weeks, short interest volume did not rise any further, but instead remained flat over the week, while utilisation fell a net 3 percent from 89 percent to 86 percent as supply increased slightly.

FIS said: “With short sellers stubbornly retaining 86 percent of the available shares, and gaining a small amount over the last week as the shares dipped a net €0.07 to close the week at €5.26, the belief that Vallourec remains overvalued is still high.â€

Camping World Holdings (CWH), aprovider of products and services for recreational vehicle enthusiasts, topped the Americas hot stocks list this week.

After its arrival to the market in October 2016, the company shares rose to a peak of $47.31 in January this year, before sliding sharply to a low of just $18.10.

Fis said: “Short sellers largely ignored Camping World until April, building positions more quickly after May, growing by 512 percent between April and last week’s close.â€

The shares recovered a little during June, closing last week at $26.44.

Following CWH was Tesla, the US-based manufacturer of electric vehicles and solar power generation and storage machines.

Last week saw volume decrease 20 percent, bringing levels back to where they were exactly three months ago, while utilisation stood at 83 percent three months ago but closed last week at 86 percent.
← Previous industry article

Record $11.3 billion traded on BondLend NGT
Next industry article →

PAIF launches securities lending
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ FIS

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →