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Japan short interest low, but names targeted

09 February 2012

Short interest in Japan is low, but investors are targeting specific names at a rate well above the average, according to Data Explorers

Read more: Data Explorers securities lending short selling Japan

The average short interest across the Topix Index is low at just under 0.6% of the total market cap, but there are some heavily shorted names which are seeing demand to borrow shares at considerably higher levels than the market average, according to Data Explorers.

Loss making chip specialist, Elpida Memory, continues to the top the list with 18.1% of its shares out on loan, despite takeover rumors. Short interest has increased by over a third in the last month alone as the share price continues to track annual lows. While the company struggles to refinance itself, demand to borrow the stock is high, with almost...