Top of hot stocks: CNH Industrial NV and Chesapeake Energy Corporation
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Top of hot stocks: CNH Industrial NV and Chesapeake Energy Corporation 28 March 2018London Reporter: Jenna Lomax
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CNH Industrial NV (CNHI), the Netherlands-based capital goods company, led the FIS Astec Analytics hot stocks list for Europe, the Middle East, and Africa (EMEA) last week, as its shares continue to decline.
Also appearing as the top pick in the hot stocks list from February 9, CNHI saw its volume jump 153 percent at the start of last week, as the shares fell to 鈧�10.75.
Shares then dropped further to 鈧�10.04 by the week鈥檚 close as 30 percent of short positions were closed, however, utilisation fell just 10 percent.
Following CNHI was Nomad Foods (NOMD). The frozen foods company, which owns Findus and Birds Eye, made its debut on the hot stocks list one month ago.
NOMD鈥檚 short interest volume rose 13 percent in the first half of February, and returned to grow 51 percent by last week鈥檚 close.
Top of the Americas hot stocks list, was Chesapeake Energy Corporation (CHK). CHK, the US-based producer of natural gas, oil and other liquid fuels, saw a steep drop in volume over the last week, as utilisation fell just 6 percent. FIS suggested this was due to a contraction in supply.
Following CHK was Roku Inc (ROKU), the US-based television streaming platform. The company moved back up by one position this week as short sellers continued to accrue gains.
Last week saw Roku鈥檚 short interest volume increase by 1 percent, with utilisation remaining static, suggesting a minor increase in supply.
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