Every week, S3 tracks short sellers’ equity positions in the US and Canada, revealing the trades that delivered positive results or missed the mark. After tracking $953 billion worth of short positions, the following is a list of this week’s top five best and worst performing equity shorts.
Bank of America
-
-
Bank of AmericaFinancialsSectors
S3 Analytics: Bank & Brokerage Short Interest Up $2 Billion Prior To Earnings Season
by S3 PartnersShort interest in the Diversified Banking and Investment Banking & Brokerage Sectors is $16.7 billion, an increase of $2 billion, or 14%, over the last month. Short interest had been declining slightly in 2017, down 5% to $14.7 billion in mid-September, but short selling has increased over the last month albeit it has been relatively flat over the last week in anticipation of 3rd quarter earnings releases. Short sellers have built up their positions and are sitting tight on their exposure as they await earnings results.
read more -
Bank of AmericaFinancialsSectors
S3 Analytics: Short Interest Continues To Rise On The Banks, Coming Into 3Q Earnings
by S3 PartnersAs the end of the 3rd quarter approaches and with expectations managed downward, short sellers continue to increase bearish bets against the largest banks. S3 Partners real-time short interest analytics calculates that the real time dollars at risk on the short side has increased $1.9 billion since the end of the June quarter. The largest increases in exposure are Deutsche, Goldman and Wells Fargo, climbing 69.9%, 50.7% and 33.3% respectively. S3 estimates that short interest in the Global Banking Sector to be $7.5 billion, which is down $296 million month on month.
read more -
Bank of AmericaFinancialsSectors
S3 Analytics: July 31st – August 4th Best and Worst U.S./Canadian Short Performers
by S3 PartnersEvery week, S3 tracks short sellers’ equity positions in the US, revealing the trades that delivered positive results or missed the mark. After tracking $887 billion worth of short positions, the following is a list of this week’s top five best and worst performing shorts.
read more