SingPost short interest spikes on uncertain direction and smaller scale
Nearly 5% of its outstanding shares were on loan as at Oct 3
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SINGAPORE] The short interest in Singapore Post (SingPost) shares has been surging since July, catapulting the counter to the top shorted stock on the Singapore Exchange, S&P Global Market Intelligence analysis showed.
Nearly 5 per cent of its outstanding shares were on loan as at Oct 3.
Concerns emerged over its reduced operational scale and uncertain strategic direction, leading to short interest – defined as the percentage of outstanding shares on loan – building up from late July.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
