15 March 2016
London
Reporter: Drew Nicol
Short interest in Air France soars
Air France has claimed the EMEA top spot in the latest FIS Astec Analytics hot stock list after experiencing renewed headwinds this year.

Traders banked profits from short positions in the airline at the close of 2016 after share price dropped from more than €8.60 in the opening months of 2016 to €4.65 by September, with short interest rising 95 percent over the same period.

Astec Analytics data highlights that some short sellers returned this year for another bite of the cherry, with short interest hitting new a 12-month peak in mid-February.

Those traders might be punished, however, as Astec Analytics noted that Air France’s share price has rebounded from January lows to close at €7.34.

“Short sellers ran for the exits and short interest has been cut by more than one-third as the shares took off, suggesting this might not be just a blip,” Astec Analytics explained.

In the Asia Pacific, Singapore Press returned to pole position.

Short sellers were hoarding 57 percent of the available shares as of last week, which is currently fluttering around SGD 3.50 (USD 2.48), with the total volume just shy of the 12-month peak.

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Delta Capita acquires Appendium
27 April 2017 | London | Reporter: Mark Dugdale
Business and technology consultancy Delta Capita has acquired Appendium as it gears up to launch a securities finance utility later this year
Squawker launches equity finance platform
27 April 2017 | London | Reporter: Mark Dugdale
The new platform provides a central hub for European equity finance participants to bring the execution of their equity hedge trades on-exchange. Squawker said six investment banks are participating
Borrowers becoming increasingly picky
26 April 2017 | London | Reporter: Drew Nicol
Risk-weighted asset ratings under Basel III are dictating the attractiveness of lenders’ assets, heard attendees of the Finadium Investors in Securities Lending Conference in London
Tesla may finally break its shorting cycle
26 April 2017 | London | Reporter: Drew Nicol
Short sellers have been consistently closing positions, reducing their exposure to Tesla by some 16 percent, since 20 March
State Street taps Sporn for enhanced custody team
26 April 2017 | New York | Reporter: Drew Nicol
Sporn brings 15 years of securities lending experience to State Street’s enhanced custody team
New faces on DTCC board of directors
25 April 2017 | New York | Reporter: Stephanie Palmer
DTCC has appointed four new members to its board of directors
NEX Group pairs ENSO and RSRCHX for MiFID II solution
25 April 2017 | New York | Reporter: Drew Nicol
The NEX Group's ENSO, a centralised treasury management solution for the buy side, is set to expand its broker vote tool to include research consumption for the second Markets in Financial Instruments Directive