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.
The biggest increase in aggregate shorted value during July was in Materials. After consistently being the most shorted security in our reports, Carillion came in as the best short this month, with seventeen managers shorting around 60 million Euros. The security dropped around 70 percent. Not only was it the best short of the month, but it was also the most crowded.