Fintel’s short data of interest identifies candidates for the week of October 17
AUSTRALIA, October 18, 2021 /EINPresswire.com/ — Fintel.ioa provider of advanced research tools for data-driven investors, has developed a mathematical model that provides investors and traders with data that identifies the shortest stocks by ranking companies on a number of factors such as relative short interest rates, borrowing cost rates, trading volume, and the like.
the Australian Short Squeeze Ranking provides a ranking of companies with the highest short interest so that traders can easily identify the companies with the highest negative sentiment from institutional investors. The ranking is also useful for identifying potential short squeeze opportunities.
Below is the list of top selling Australian companies as of October 17, 2021 11:00 PM EST:
* BPT / Beach Energy Ltd. (93.22)
Beach Energy tops the list this week with a score of 93.22. The shorted free float is 6.94%, but the equity borrowing cost is a reasonable 0.98%. Shares of Beach Energy have rallied nicely, climbing to AUD 1.45/share last week after recent lows of 1.01/share. Gross gross interest was flat at around 107 million shares, but at those levels with current trading volume, it would take short sellers 6.06 days to cover their positions, should margin calls start rolling in. .
* SFR / Sandfire Resources NL (91.76)
Sandfire Resources is second on this week’s list with a score of 91.76. The company has the highest borrowing rate of the lot at 43.61%, but relatively few of the total float shares are sold short, at just 0.98%.
* STO / Santos Ltd. (91.55)
Number three on this week’s list is Santos with a score of 91.55. The total float shorted is 4.02%, one of the highest of the lot, but the cost of borrowing the stock is a reasonable 0.98%. Days to cover is 8.52, which could put short sellers in trouble if the borrowing rate spikes and they need to cover.
* A2M / The A2 Milk Company Ltd. (91.41)
The A2 Milk Company is number four with a score of 91.41. The company’s shorted total free float is 6.16%, the highest of the lot, but the cost of borrowing shares is reasonable at 0.91%. Gross gross interest was flat at around 45.5 million shares, and at current trading volumes, it would take short sellers 4.76 days to cover.
* NHC / New Hope Corp Ltd. (91.04)
New Hope Corp is last this week with a score of 91.04. The total float shorted is 5.47% and the cost of borrowing is slightly above 3.45%. ASIC said short interest is 26.9 million shares and, at current trading volumes, days to cover is 7.12.
The Short Squeeze Scores scoring model ranges from 0 to 100, with 100 being the most likely, compared to its peers.
The Australian Short Squeeze Leaderboard also compiles data such as Short Interest % Float, Change in Volume, Change in Price and Borrow Fee Rate into an easy-to-use leaderboard chart for investors to refer to when making trades. decisions.
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 interest and company finances. Fintel currently tracks over 30,000 funds and over 63,000 securities traded globally. Information includes fund holdings, fund sentiment, financial data and regulatory filings. Fintel was founded by Wilton Risenhoover.
Fintel.io has 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 listed companies in the world. These research reports are collected from public documents such as regulatory filings and news reports. For more information, visit finpedia.co.
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