European Short Observer May 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 May, the biggest increase in the aggregate shorted value was in Consumer Discretionary. The month’s best short was Golden Ocean Group with two managers shorting around ten million Euros at the end of the month. Among the best shorts, the most crowded is Fingerprint Cards shorted by seven managers with an aggregate short exposure of around one hundred and thirty million Euros.