Top of the hot stocks: Euronav and Acelrx
24 October 2018 London
Image: Shutterstock
Euronav topped the FIS Astec Analytics hot stocks list for Europe, the Middle East, and Africa (EMEA) last week.
Last appearing in August, the Belgium-based provider of transport and storage facilities for the oil and petroleum industry, has been a regular member of the hot stocks list for some years.
The last 12 months has seen short interest rise from around 30 percent to peak at over 81 percent from February to June, before falling back to a low of 22 percent at the end of August.
Since the end of August, short interest has risen again, moving from 22 percent to close last week at 43 percent.
Following Euronav is Meyer Burger Technology, the Switzerland-based semiconductor manufacturer specialising in the solar power industry.
Short interest volume had been declining, dropping 11 percent in the third week of September before climbing 20 percent to last week’s close.
Utilisation advanced more slowly, growing by 15 percent to close last week at just over 93 percent, suggesting a small increase in market supply.
Topping the Americas hot stocks list was Acelrx Pharmaceuticals.
Short interest had been decreasing as 2018 began, and continued downward to reach 12-month lows in June. In October, however, short interest volume jumped, adding 143 percent by volume by last week’s close.
This jump pushed utilisation to peak at 100 percent on October 15, up from 51 percent at the start of the month, closing last week at over 96 percent.
Having made its debut on the hot stocks list three weeks ago, Meituan Dianping, a China-based e-commerce platform topped to Asia Pacific hot stocks list this week.
Short sellers remain aggressive in building their positions, found FIS, adding a further 31 percent by volume over the last week, pushing utilisation to a peak of 50 percent midweek, before falling back to close the week at 49 percent.
Last appearing in August, the Belgium-based provider of transport and storage facilities for the oil and petroleum industry, has been a regular member of the hot stocks list for some years.
The last 12 months has seen short interest rise from around 30 percent to peak at over 81 percent from February to June, before falling back to a low of 22 percent at the end of August.
Since the end of August, short interest has risen again, moving from 22 percent to close last week at 43 percent.
Following Euronav is Meyer Burger Technology, the Switzerland-based semiconductor manufacturer specialising in the solar power industry.
Short interest volume had been declining, dropping 11 percent in the third week of September before climbing 20 percent to last week’s close.
Utilisation advanced more slowly, growing by 15 percent to close last week at just over 93 percent, suggesting a small increase in market supply.
Topping the Americas hot stocks list was Acelrx Pharmaceuticals.
Short interest had been decreasing as 2018 began, and continued downward to reach 12-month lows in June. In October, however, short interest volume jumped, adding 143 percent by volume by last week’s close.
This jump pushed utilisation to peak at 100 percent on October 15, up from 51 percent at the start of the month, closing last week at over 96 percent.
Having made its debut on the hot stocks list three weeks ago, Meituan Dianping, a China-based e-commerce platform topped to Asia Pacific hot stocks list this week.
Short sellers remain aggressive in building their positions, found FIS, adding a further 31 percent by volume over the last week, pushing utilisation to a peak of 50 percent midweek, before falling back to close the week at 49 percent.
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