Hot stocks: Semiconductor plays stumble amid rising short interest
A S&P report noted that Frencken, UMS and AEM were among the top five most shorted stocks on the Singapore bourse
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SINGAPORE’S semiconductor stocks were trading in the red on Tuesday (Oct 8) morning, amid heightened short-selling interest.
Shares of Frencken slid S$0.03 or 2.2 per cent to S$1.31 as at 10.37am, and UMS declined S$0.02 or 1.9 per cent to S$1.05 as at 11.05am. AEM fell as much as S$0.08 or 5.5 per cent to S$1.37 as at 11.07am.
All three had recovered slightly as at 11.52am. Frencken was at S$1.32 (-1.5 per cent), with UMS at S$1.06 (-0.9 per cent) and AEM at S$1.39 (-4.1 per cent).
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