Fintel short-term data of interest identifies candidates for week of November 8
NEW YORK, NEW YORK, USA, November 8, 2021 /EINPresswire.com/ – Fintel.io, a provider of advanced research tools for data-driven investors, has developed a mathematical model that provides investors and data traders that identify the shortest stocks by ranking companies on a number of factors such as relatively short interest rates, loan fee rates, trade volume, etc.
The Australian Short Interest Leaderboard provides a ranking of companies with the greatest short-term interest so that traders can easily identify companies with the highest negative sentiment from institutional investors. Ranking is also useful in identifying potential short squeeze opportunities.
Below is the list of the shortest Australian companies as of November 8, 2021 at 9:00 p.m. ET:
* MND / Monadelphous Group, Ltd. (97.32)
Monadelphous Group tops the list this week with a score of 97.32. Gross short-term interest is 6.1 million shares, down slightly from recent highs of 6.3 million shares, but still a significant percentage of the total free float, at 6.87%. At current trading volumes, it would take 11.28 days for short sellers to hedge these stocks. The total number of institutional owners reporting positions in MND remains stable at 50, but the average allocation of the dedicated portfolio to MND has fallen by 10.93% in the last quarter, indicating a negative outlook.
* PLL / Piedmont Lithium, Ltd. (96.91)
Piedmont Lithium is back on the list in second place this week, with a score of 96.91. Short-term gross interest continues to climb, with the most recent figures at 17 million shares. That’s near the high of recent numbers, with lows of 11.3 million and highs of 18.3 million in early October. At these levels, the total percentage of short-circuited float is 6.68%. The most recent borrowing rate is 8.66%, which means short sellers have to pay an annual interest rate of 8.66% to borrow stocks short.
* CWN / Crown Resorts, Ltd. (96.24)
Crown Resorts are back on the list this week with a score of 96.24. As we mentioned last week, a Royal Commission report found that the company had engaged in extremely unethical behavior, but ultimately decided that the company could retain its license to operate the casino. from Melbourne. Short-term interest remains at the high end of recent reports, at 13.59 million shares, corresponding to 3.77% of the total free float. This is a 44% increase over the past month, indicating a significantly negative outlook for the company. At current trading volumes, it would take 9.36 days for short sellers to cover these positions.
* PME / Pro Medicus, Ltée (96.01)
Pro Medicus is fourth on this week’s list with a score of 96.01. The gross short interest for this company is 6.68 million shares, which represents an increase of 17.92% last month and represents 7.99% of the total free float. This is the highest percentage of bypassed float among all of this week’s contestants. Despite this negative outlook for short sellers, US institutional sentiment is rather bullish. The total number of institutions disclosing positions increased by 12.31% in the last quarter, to 73. The average portfolio allocated to SMEs increased by 35% in the last quarter, and the total shares held by institutions climbed by 6.76% to 4.37 million shares.
* APX / Appen, Ltd. (95.83)
Appen completes this week’s list with a score of 95.83. The company’s gross short interest is 4.7 million shares, down slightly from recent highs of 6.1 million shares, but still up 41% on the month. last. At current trading volumes, it would take 3.44 days for short sellers to hedge their positions. Data from US institutions and funds point to a very negative outlook. During the last quarter, the total number of funds disclosing positions in APX decreased by 7.69% to 60 and the average fund allocation to APX decreased by 33.52%.
The Short Squeeze Scores scoring model ranges from 0 to 100, with 100 being the most likely, relative to its peers.
The Australian Short Squeeze Leaderboard also compiles data such as% floating short interest, volume change, price change and borrowing charge rate into an easy-to-use ranking that investors can look up when of decision making.
For more information, visit https://fintel.io/.
Fintel.io is a leading equity research platform designed to help data-driven investors make better investment decisions. Fintel provides in-depth analysis on a variety of market data, including fund ownership, insider trading activity, short-term interests, and company financial data. Fintel currently tracks more than 30,000 funds and more than 63,000 securities traded worldwide. Information includes fund holdings, fund sentiment, financial data and regulatory filings. Fintel was founded by Wilton Risenhoover.
Fintel.io developed Finpedia.co as another resource for retail investors. Finpedia is a financial wiki that aims to develop in-depth and comprehensive research reports on all publicly traded companies around the world. These research reports are drawn from public documents such as regulatory filings and news stories. For more information, visit finpedia.co.
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