Teva, J.C. Penny and SPI Energy feature in FIS hot stock lists
Latest news
Teva, J.C. Penny and SPI Energy feature in FIS hot stock lists 01 February 2018London Reporter: Zsuzsanna Szabo
Image: Shutterstock
Teva for the Europe, the Middle East and Africa region, J.C. Penny for the Americas and SPI Energy for the Asia Pacific led the FIS Astec Analytics hot stocks list.
The Israel-based pharmaceutical company, Teva, was top of the list on its debut appearance after its share price closed at ILA 7,051 (USD 2,192) last week.
Short sellers are currently holding 48 percent of the available shares and we building positions despite a modest recovery in the share price.
Teva鈥檚 shares stood peaked at ILA 13, 830 (USD 4, 044) in February 2017, before falling back by roughly 71 percent by November.
FIS Astec Analytics noted this share price drop has not been seen for 14 years at the company.
Much of the fall occurred when the company had released its disappointing Q2 results for 2017, according to FIS.
For the Americas, J.C. Penny鈥檚 last appearance on the hots stock list was on 8 December.
Since then, the department store company saw short interest in its shares decrease by 14 percent.
Utilisation remained nearly static, falling less than 1 percent since 8 December before closing at 90.5 percent last week.
For the Asia Pacific, the Hong Kong-based SPI Energy was top of the list on its debut appearance after short interest surged by 272 percent between 12 and 19 January, before falling back to give a net gain of 136 percent over the last weeks.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
Image: Shutterstock 