Top of hot stocks: Obrascan Huarte Lain SA
08 August 2018 London
Image: Shutterstock
Obrascon Huarte Lain SA (OHL), led the FIS Astec Analytics hot stocks list for Europe, the Middle East, and Africa last week.
The Spain-based construction and engineering company saw shares build themselves up from a 12-month low of 鈧�2.51 seen in June.
Last week saw the shares closed at 鈧�2.86, having reached as high as 鈧�3.01 at the end of July.
FIS found that short interest volume ended the week at almost exactly the same level that it was 12 months ago, concealing a reduction of around two-thirds going into the start of 2018.
Following OHL was Vallourec SA (VLLP), the France-based steel tube manufacturer, which made its third consecutive week on the hot stocks list.
FIS found that short interest volume continued to decrease, falling a further 3 percent over the last week, but utilisation fell three times as fast at 9 percent.
Tesla, the electric vehicle and renewable energy corporation, topped the Americas hot stocks last week.
Following the better than expected quarterly report, the shares jumped to peak at $349.54 before closing the week at $348.17, up 17 percent or $50.99 apiece.
FIS said: 鈥淰olume and utilisation remained static over the past week, which suggests that, while short sellers may be spooked, they have not rushed to crystallise any losses they may hold.鈥�
Following Tesla, was HUYA, the American depositary receipt issue of the China-based live streaming platform.
Shares fell 10 percent, closing the week at $31.57, while short interest volume jumped 18 percent by midweek, falling back to close up at 1.5 percent.
Despite the rise in volume, utilisation fell by just over 1 percent, ending the week at 90 percent.
The Spain-based construction and engineering company saw shares build themselves up from a 12-month low of 鈧�2.51 seen in June.
Last week saw the shares closed at 鈧�2.86, having reached as high as 鈧�3.01 at the end of July.
FIS found that short interest volume ended the week at almost exactly the same level that it was 12 months ago, concealing a reduction of around two-thirds going into the start of 2018.
Following OHL was Vallourec SA (VLLP), the France-based steel tube manufacturer, which made its third consecutive week on the hot stocks list.
FIS found that short interest volume continued to decrease, falling a further 3 percent over the last week, but utilisation fell three times as fast at 9 percent.
Tesla, the electric vehicle and renewable energy corporation, topped the Americas hot stocks last week.
Following the better than expected quarterly report, the shares jumped to peak at $349.54 before closing the week at $348.17, up 17 percent or $50.99 apiece.
FIS said: 鈥淰olume and utilisation remained static over the past week, which suggests that, while short sellers may be spooked, they have not rushed to crystallise any losses they may hold.鈥�
Following Tesla, was HUYA, the American depositary receipt issue of the China-based live streaming platform.
Shares fell 10 percent, closing the week at $31.57, while short interest volume jumped 18 percent by midweek, falling back to close up at 1.5 percent.
Despite the rise in volume, utilisation fell by just over 1 percent, ending the week at 90 percent.
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