Nordic short report - Week 27 2016

Energy sector continue downward SI trend and NAS in BUY-SI band

Nordic short interest (SI) down 20bp last week to 4.3%

Our analysis
•  Short interest in Norway down this week
o SI in YAR, DNB and ORK all fell more than 130bp
o … while SI in FRO and MHG both rose ~60bp last week

Only minor changes in sector rankings as
o Three most shorted sectors:
  • Semicond. & semi. equip.: 14.7%
  • Energy: 8.6%
  • Health care equip.: 7.2%
o Three least shorted sectors:
  • Banks: 1.0%
  • Consumer Durables: 0.5%
  • Com. & Prof. Services: 0.6%
SI in Norway down WoW to 6.5%
  • Norway SI -39bp
  • Sweden SI -6bp
  • Denmark SI +2bp
  • Finland SI -31bp


Andre nyheter