Below you'll find a list of Sweden's most shorted shares in 2024. Short selling is when investors believe that a stock's price will go down. If the stock is "most shorted," it means many people believe its value will drop. In this article, we'll explain what short selling is and what makes a stock heavily shorted. This can help you understand why certain stocks are being targeted and what it might mean for their future.
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Sweden's most shorted shares in 2024
As of Wednesday, July 31, 2024, here are Sweden's most shorted shares by percentage, along with a brief description of each company:
| S/N | Name | Short % | Value (M SEK) | Number of Positions | Description |
|---|---|---|---|---|---|
| 1. | Scandic Hotels Group | 8.44% | 1,051.92 | 4 | A leading hotel operator in the Nordic region, providing accommodations and conference facilities. |
| 2. | Samhällsbyggnadsbo. I Norden B | 7.85% | 0.00 | 4 | A real estate company focusing on residential properties and community services. |
| 3. | JM | 6.71% | 901.15 | 7 | A leading developer of housing and residential areas in the Nordic region. |
| 4. | Truecaller | 5.50% | 558.98 | 2 | A global platform for verifying contacts and blocking unwanted calls, based in Sweden. |
| 5. | Intrum | 5.06% | 255.45 | 3 | A credit management services company providing debt collection and financial services. |
| 6. | NIBE Industrier B | 4.38% | 0.00 | 6 | A manufacturer of energy-efficient solutions, including heating, cooling, and ventilation systems. |
| 7. | Embracer Group B | 4.20% | 0.00 | 4 | A global gaming and entertainment group, known for acquiring and developing video games. |
| 8. | Avanza Bank Holding | 4.13% | 1,556.58 | 5 | An online bank providing financial services such as savings accounts, loans, and investments. |
| 9. | Securitas B | 3.97% | 0.00 | 5 | A multinational security services provider, offering guarding, technology, and consulting services. |
| 10. | Mips | 3.93% | 553.87 | 6 | Specializes in helmet safety and brain protection systems, particularly for sports and safety helmets. |
| 11. | Cint Group | 3.72% | 84.38 | 4 | A global software leader in digital insights gathering and market research. |
| 12. | Elekta B | 3.60% | 0.00 | 4 | Develops clinical solutions for treating cancer and brain disorders, specializing in radiotherapy and radiosurgery. |
| 13. | Sinch | 3.16% | 771.79 | 4 | A provider of cloud-based communication services and APIs for messaging, voice, and video. |
| 14. | Electrolux B | 3.14% | 0.00 | 5 | A global leader in home appliances, including kitchen, laundry, and home comfort products. |
| 15. | Husqvarna B | 2.82% | 0.00 | 4 | A manufacturer of outdoor power products, including chainsaws, trimmers, and garden tractors. |
| 16. | PowerCell Sweden | 2.60% | 34.68 | 4 | Develops and produces fuel cell stacks and systems for stationary and mobile applications. |
| 17. | Hexatronic Group | 2.47% | 316.73 | 2 | A supplier of fiber optic products and solutions for telecom networks. |
| 18. | Boliden | 2.33% | 2,081.05 | 3 | A metals and mining company, focusing on exploration, mining, smelting, and recycling of metals. |
| 19. | Lundin Energy | 2.30% | 49.87 | 3 | An oil and gas exploration and production company, primarily operating in Norway. |
| 20. | Volvo | 2.20% | — | 3 | A renowned automaker, producing premium cars and offering related mobility services. |
Source: shortnordic.com
What do most shorted shares mean?
Most shorted shares refer to stocks that have a high percentage of their shares being borrowed and sold by investors who believe the price will drop. This practice, known as short selling, involves selling borrowed shares with the intention of buying them back at a lower price later, thus making a profit. Essentially, these stocks are being bet against by investors who think their value will decrease. Being one of the most shorted shares means a lot of investors are pessimistic about the company's future performance.
What is considered a heavily shorted stock?
A heavily shorted stock is one where a large percentage of its available shares have been sold short. Typically, if more than 10% of a company's shares are shorted, it is considered heavily shorted. This high level of short interest can indicate that many investors expect the stock's price to fall. However, it can also lead to a "short squeeze," where the price unexpectedly rises, forcing short sellers to buy back shares at a higher price, further driving up the stock price.
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