European Short Observer June 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 June, we saw the biggest increase in aggregate shorted value in Consumer Staples. The best short of the month was Banco Popular Español with no additional managers shorting the security at the end of the month. Among the best shorts, the most crowded is Petroleum Geo-Services shorted by 11 managers with an aggregate short exposure of around 60 million Euros.