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Short-selling: Karl Loomes picks the six hottest US-listed stocks

By Benzinga
Hedge Funds

 

SunGard's Astec Analytics looks into short-selling activity.

This week’s top pick, from a securities lending perspective, is Amazon.com, Inc. (NASDAQ:AMZN).
Other stocks that are seeing substantial short-selling activity include ZIOPHARM Oncology Inc. (NASDAQ: ZIOP), Chesapeake Energy Corporation (NYSE: CHK), Juno Therapeutics Inc (NASDAQ: JUNO), Fitbit Inc (NYSE: FIT) and GoPro Inc (NASDAQ: GPRO).

 

SunGard's Astec Analytics provides intraday short-selling market data via securities lending analytics. In a recent report sent to clients, the firm shared a “roundup of some of the hottest stocks from a securities lending perspective.”

Below is a look at Karl Loomes’ list of top stocks in the Americas from a security lending perspective.
Amazon
After two consecutive weeks occupying the front-runner spot, Apple Inc. (NASDAQ: AAPL) was displaced by Amazon. The online retailer recently banned the sale of Apple and Google streaming on its website, suggesting they don’t “interact well” with the Amazon Prime service, and announced its intentions to extend its one-day delivery service in the U.K. to include frozen and chilled food items – which led to some speculation around increasing competition with and from online supermarkets.

The report explained, “The news helped bolster its stock in the cash market, while from a sec lending perspective Astec’s data hints at some growing optimism on the part of short sellers, with having fallen 26 percent during September.”
ZIOPHARM Oncology
Escalating one position in the list this week is ...

Full story available on Benzinga.com
Photo: Rob Hurson

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