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Nanofilm’s short interest spikes amid near-term challenges

Tay Peck Gek

Tay Peck Gek

Published Thu, Nov 23, 2023 · 09:00 AM
    • Nanofilm has pointed out that its bottom line for FY2023 may be negatively affected if demand for consumer electronics products remains muted in Q4.
    • Nanofilm has pointed out that its bottom line for FY2023 may be negatively affected if demand for consumer electronics products remains muted in Q4. PHOTO: BT FILE

    THE short interest in Nanofilm Technologies International has more than doubled in the past week, making it the third most shorted stock in Singapore behind AEM Holdings and Singapore Airlines (SIA) as at last Friday (Nov 17), S&P Global Market Intelligence data showed.

    Short interest – defined as the percentage of outstanding shares on loan – in the mainboard-listed nanotechnology solutions provider jumped to 3.53 per cent as at Nov 17, climbing from 1.61 per cent, the data indicated.

    The percentage of shares outstanding on loan for Nanofilm last peaked at 4.05 per cent on Jun 30, before going on a downward trend.

    Short-sellingNanofilmAEMSingapore Airlines

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