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ADI - Analog Devices Inc News Story

$157.42 2.0  1.3%

Last Trade - 2:56pm

Sector
Technology
Size
Large Cap
Market Cap £41.29bn
Enterprise Value £44.24bn
Revenue £4.22bn
Position in Universe 219th / 6854

LIVE MARKETS-Don't get short with me!

Fri 16th April, 2021 2:00pm
* U.S. equity index futures suggest modest opening gains * U.S. March Housing Starts 1.739M vs 1.613M estimate * Euro STOXX 600 up ~0.6%; on track for 7th-straight weekly gain * Dollar edges lower; gold gains, crude up slightly * U.S. 10-Year Treasury yield ~1.59% Welcome to the home for real-time coverage of equity markets brought to you by Reuters reporters. DON'T GET SHORT WITH ME! (0900 EDT/1300 GMT) Short sellers have been reducing their exposure to U.S. stocks recently with the value of shares sold short decreasing by 3.2%, or $35.4 billion, to $1.08 trillion, according to the latest data from S3 Partners. While the list of five stocks with the most short exposure is unchanged, Ihor Dusaniwsky pointed to "positional jockeying below" with the most dramatic changes showing up in ViacomCBS VIAC.O : ViacomCBS, whose shares have fallen more than 60% from its record high since March 15, dropped from the No. 6 position to the No. 38 position in the most shorted league table, according to S3. Also, Walt Disney Co DIS.N fell from a 17 ranking to 26 while Baidu Inc ADR BIDU.O dropped from 22nd place to 50th and Exxon Mobil Corp XOM.N fell from No. 25 to No. 51. Meanwhile Analog Devices Inc ADI.O moved into 10th place from 15th while AstraZeneca AZN.O climbed from 20th to 15th while S&P Global Inc SPGI.K climbed to 21st from 31st. Stocks that are a big focus among members of online forums on Reddit, and stocks caught up in the Archegos margin call liquidation, saw the biggest decrease in short exposure. Although S3 notes that most of the declines are the result of mark-to-market stock price moves and not short covering which means that it is not due to shorts exiting their positions. In this category S3 includes Viacom, GSX Techedu Inc GSX.N , Discovery Inc's DISCA.O DISCK.O class A and C shares, iQIYI IQ.O , GameStop GME.N and Futu Holdings FUTU.O . (Sinéad Carew) ***** FOR FRIDAY'S LIVE MARKETS' POSTS PRIOR TO 0900 EDT/1300 GMT - CLICK HERE: urn:newsml:reuters.com:*:nL1N2M90Z4 <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ VIAC04162021 https://tmsnrt.rs/3mTtXSD ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
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