Energy, tech stocks shorted ahead of earnings says Data Explorers
Data specialist Data Explorers says its analysis points to strong ongoing levels of shorting against stocks in US technology firms.
Data Explorers highlights AOL as one company that has seen a sharp increase in demand to borrow shares – indicative of investors betting share prices will fall.
Meanwhile, the likes of Northern Oil and Gas are seeing strong demand to borrow shares. It its case this demand comes after the company failed to meet earnings expectations in each of the past four quarters, Data Explorers said.
Click here to view the full report: Energy and Technology stocks shorted ahead of earnings