Short Monitor – Coronavirus yet to infect the monitor
Source: Edison Investment Research, FCA.
Source: Edison Investment Research, FCA.
Hammerson, a retail REIT, was the most shorted stock over the last month and is now the seventh most shorted stock in the UK. Hammerson made its first appearance in the Top Total UK Shorts list in January. On 25 February, the REIT announced a negative set of results for FY19, net rental income was down 11% to £308.5m (FY18: £347.5m) and the IFRS loss was £781.2m – a 191% increase y-o-y (FY18 loss: £268.1m). Hammerson’s share price is down 33% YTD.
Coronavirus has significantly affected stock markets across the world, where the FTSE 350 fell by 8% in February. That said, despite the FTSE fall, the total number of companies shorted decreased by 3% to 729 (January: 751).
Hammerson, a retail REIT, was the most shorted stock over the last month and is now the seventh most shorted stock in the UK. Hammerson made its first appearance in the Top Total UK Shorts list in January. On 25 February, the REIT announced a negative set of results for FY19, net rental income was down 11% to £308.5m (FY18: £347.5m) and the IFRS loss was £781.2m – a 191% increase y-o-y (FY18 loss: £268.1m). Hammerson’s share price is down 33% YTD.
Coronavirus has significantly affected stock markets across the world, where the FTSE 350 fell by 8% in February. That said, despite the FTSE fall, the total number of companies shorted decreased by 3% to 729 (January: 751).