The Iran Project
: Automaker Toyota Motor Corp (7203.T), opens new tab became the most shorted large-cap stock by hedge funds in the Asia Pacific region in February, overtaking Takeda Pharmaceutical (4502.T), opens new tab, a report from treasury management and securities finance platform Hazeltree showed on Tuesday.
Wednesday 13 March 2024 - 02:13
Story Code : 417488
Source : Reuters
Toyota becomes Asia's most shorted large-cap stock - Hazeltree
U.S. electric carmaker Tesla (TSLA.O), opens new tab remained the most shorted stock in the Americas, while luxury group LVMH (LVMH.PA), opens new tab was No.1 in the Europe, Middle East and Africa (EMEA) region for the sixth consecutive month, according to the report covering 15,000 stocks on data from around 700 funds.
Several newcomers joined the ranks of top large-cap shorts in the Americas, including AI server maker Super Micro Computer (SMCI.O), opens new tab, media group Comcast Corp (CMCSA.O), opens new tab, and banks Capital One Financial Corp (COF.N), opens new tab and Wells Fargo (WFC.N), opens new tab, the report said.
Turning to mid-caps, train maker Alstom (ALSO.PA), opens new tab and chipmaker Wolfspeed Inc (WOLF.N), opens new tab remained the most shorted securities in EMEA and the Americas, respectively, it said.
In the Asia Pacific, electronics company Ibiden Co Ltd (4062.T), opens new tab was the top mid-cap short in February, overtaking computer maker Daifuku Co (6383.T), opens new tab, it added.
Reporter : Editorial of The Iran Project
# Tags
