European Short Observer August 2017

Using the daily filings from the European Short Disclosure Regulation (ESMA), we track over thirty billion Euros in short investments across more than two hundred managers. The charts show changes in sector exposures and the best short picks from the past month. Also ranked are the most shorted securities, the most covered securities, and the top new shorts of the month.

In August, the biggest increase in aggregate shorted value was in Industrials. The month’s best short was Provident Financial with six managers still shorting around sixty million euros by the thirty first. Among the best shorts, Carillion was the most crowded.