30 June 2017
Reporter: Katherine Brown

Champions League final draws big shorting crowd

Juventus Football Club is the regional top pick for FIS Astec Analytics in Europe, the Middle East and Africa (EMEA) list.

The top flight Italian team may have failed to claim the Champions League trophy this year but nothing was able to stop Juventus from claiming the title of most shorted in EMEA for the week starting 19 June in its debut appearance in the hot stocks list.

The club's share price hit a 12-month peak of €0.96 on 2 May, representing a rise of approximately 220 percent.

Short interest rose 187 percent in the first week of May, which aligned with Juventus reaching the final of the Champions League.

However, following their loss to Real Madrid final back in early June, the value rapidly fell by 42 percent from its peak to close last week at €0.56.

Juventus has experienced varying short interest volumes but has closed down a net 27 percent since May.

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