Toyota becomes Asia's most shorted large-cap stock - Hazeltree

Ibiden Co

12/03/2024 14:00

MILAN, March 12 (Reuters) - Automaker Toyota Motor Corp
 7203.T  became the most shorted large-cap stock by hedge funds
in the Asia Pacific region in February, overtaking Takeda
Pharmaceutical  4502.T , a report from data firm Hazeltree
showed on Tuesday.
    A short trade is a bet on a company's stock price falling.
    U.S. electric carmaker Tesla  TSLA.O  remained the most
shorted stock in the Americas, while luxury group LVMH  LVMH.PA 
was No.1 in the Europe, Middle East and Africa (EMEA) region for
the sixth consecutive month, according to the report covering
15,000 stocks on data from around 700 funds.
    Several newcomers joined the ranks of top large-cap shorts
in the Americas, including AI server maker Super Micro Computer
 SMCI.O , media group Comcast Corp  CMCSA.O , and banks Capital
One Financial Corp  COF.N  and Wells Fargo  WFC.N , the report
said.
    Turning to mid-caps, train maker Alstom  ALSO.PA  and
chipmaker Wolfspeed Inc  WOLF.N  remained the most shorted
securities in EMEA and the Americas, respectively, it said.
    In the Asia Pacific, electronics company Ibiden Co Ltd
 4062.T  was the top mid-cap short in February, overtaking
computer maker Daifuku Co  6383.T , it added. 

 (Reporting by Danilo Masoni
Editing by Samuel Indyk and Mark Potter)
 ((Danilo.Masoni@TR.com; Reuters Messaging:
danilo.masoni.thomsonreuters.com@reuters.net))