RE: This just popped up on twitter. Can anyone confirm?8 Mar 2023 17:48
Some on here think THG has a total short position of 10%+. If this is the case then it would be the most shorted company in the UK. There is an article (below link) dated 6th March which states that Boohoo is the most shorted with 5.9%. Please can someone clarify?
Online fashion retailer boohoo became the most shorted company in the UK last month after two new firms betted against the company, data from the Financial Conduct Authority (FCA) shows.
Shorted stocks in the business reached 5.9% of its share capital at the end of February – up 1.4 percentage points from the month before – signifying a lack of confidence from the market in its ability to deliver.
It came when Kairos Investment Management and Qube Research and Technologies added positions jointly worth 1.6%, although some reductions from the other six firms who shorted the company in February offset some of this. (At the time of publication, however, the FCA’s short register was showing that Kairos had already closed its short in boohoo).
Boohoo 5.9%
ITM Power 5.9%
ASOS 5.7%
Kingfisher 5.3%
abrdn 4.5%
Hammerson 4%
Naked Wine 4%
Moonpig 3.9%
Victoria 3.8%
Metro Bank 3.7%
https://www.trustnet.com/news/13365060/shorting-firms-bet-against-boohoo-but-ease-on-asos