The continued free-fall of smartphone maker HTC’s stock value has resulted in it being dropped from Taiwan Stock Exchange’s (TWSE) 50 largest listed firms index.
HTC’s stock value has dropped by 71 percent in the past six months and today’s news is expected to cause further losses in the future.
Short selling activity for HTC has boomed in the past 18 months and securities lending volumes in HTC have almost doubled since the start of the year, with a recent uptick in the past few weeks, according to SunGard's Astec Analytics.
The data provider also noted that this is still some way below the level it was at 12 months ago, when it was 50 percent higher than now.
Utilisation has been over 80 percent for the past three to four months, making this a stock that is certainly in demand.
HTC has struggled to maintain its market share in recent years and failed to compete against heavyweight industry rivals such as Apple and Samsung.
HTC will now be listed on TWSE’s Mid-Cap 100 Index, which contains 100 companies.
