European Short Observer November 2017

This report displays insights from the European Short Disclosure Regulation (ESMA). Using daily filings, we track over 50 billion Euros in short investments across more than 250 managers. Here we’ll explore last month’s sector exposure changes and best short picks. We’ve also ranked the most shorted securities, the most covered securities, and the top new shorts.

The best short of November was SKW Stahl-Metallurgie Holding, with one manager shorting it at the end of the month. For the second month in a row, Financials saw the largest increase in aggregate shorted value by sector.  Carillion was the most crowded of the best shorts, with 14 managers shorting around 15 million Euros in aggregate.