Short Monitor – A shorting pandemic
Source: Edison Investment Research, FCA.
Source: Edison Investment Research, FCA.
Premier Oil remains the most shorted stock in the UK with 20.5% of its issued share capital (ISC) on borrow, representing an increase of 1.9% since the end of February. Flutter Entertainment moves from the third to the second most shorted stock with 13.5% of its ISC on borrow. On 16 March, Flutter stated that the cancellation of major sports events due to the COVID-19 pandemic would have a significant material impact on revenue and earnings. EasyJet (-61% ytd) and Keywords Studios (-14% ytd) are all new additions to the ‘top total UK shorts’ chart this year. This morning (30 March), EasyJet announced that it has grounded its entire fleet for the foreseeable future and its share price is down 6% today.
Premier Oil remains the most shorted stock in the UK with 20.5% of its issued share capital (ISC) on borrow, representing an increase of 1.9% since the end of February. Flutter Entertainment moves from the third to the second most shorted stock with 13.5% of its ISC on borrow. On 16 March, Flutter stated that the cancellation of major sports events due to the COVID-19 pandemic would have a significant material impact on revenue and earnings. EasyJet (-61% ytd) and Keywords Studios (-14% ytd) are all new additions to the ‘top total UK shorts’ chart this year. This morning (30 March), EasyJet announced that it has grounded its entire fleet for the foreseeable future and its share price is down 6% today.