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S&P Global Market Intelligence has released the top 10 highest shorted equities across the UK and Europe with a minimum market capitalisation of US$10 billion.
Calculated from the firm’s securities finance dataset, S&P Global Market Intelligence data reveals Europe's top shorted stock (excluding the UK) was Novozymes A/S (NZYM B).
The Denmark-based global biotechnology company boasts 31.38 million shares borrowed, with 13.93 per cent of its shares outstanding (SI Outstanding) being out on loan.
The remaining top five shorted stocks for Europe included French retail and wholesaling corporation Carrefour Sa (CA) with 64.00 million shares borrowed and 8.9 per cent of SI Outstanding being on loan.
This was followed by Eurofins Scientific Se (ERF, 14.03 million shares borrowed, 7.30 per cent SI Outstanding), Koninklijke Philips Nv (PHIA, 65.87 million shares borrowed, 7.06 per cent SI Outstanding), and Vonovia Se (VNA, 43.00 million shares borrowed, 5.23 per cent SI Outstanding).
For the UK, retailer Asos Plc (ASC) was the top shorted stock with 16.61 million shares borrowed and 13.93 per cent of SI Outstanding.
The top five shorted stocks for the UK also included retailer Boohoo Group Plc (BOO) with 159.69 million shares borrowed and 12.59 per cent SI Outstanding.
This was followed by Petrofac Ltd (PFC, 60.92 shares borrowed, 11.67 per cent SI Outstanding), Abrdn Plc (ABDN, 215.48 million shares borrowed, 11.50 per cent SI Outstanding) and Kingfisher Plc (KGF, 201.24 million shares borrowed, 10.64 per cent SI Outstanding).
