Top of hot stocks: CNH Industrial and Tesla 14 February 2018London Reporter: Jenna Lomax
Image: Shutterstock
CNH Industrial NV (CNHI) led the FIS Astec Analytics hot stocks list for Europe, the Middle East, and Africa (EMEA) for last week.
The Netherlands-based firm, which sells construction and agricultural machinery, saw its short interest volume increased by 12 percent.
FIS said this represents CNHI鈥檚 change of direction, as shares, which plunged 13 percent a fortnight ago across Europe, were pummeled by inflation fears.
Euronav, a Belgium-based oil transport and storage company, also featured on the EMEA hot stocks list as its short interest increased by 14 percent over the last week.
This increase enabled short sellers to make further gains from the falling share price. Over the past seven days, the shares have fallen by 5 percent, making it Euronav鈥檚 lowest short level interest since August last year.
In the week that Tesla launched a car into space, the company featured top of FIS鈥檚 top pick for the Americas after short sellers closed 7 percent of their open positions during the week.
However, FIS found that utilisation remained level at 71 percent, suggesting that supply fell back as long investors reversed their pre-earnings release decision to buy in to Tesla鈥檚 future potential.
The US 3D printing solutions firm 3 D Systems, also featured in this week鈥檚 hot stocks for the Americas after its short interest grew 5 percent over the week, hitting a new 12-month peak midweek.
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 