Short sellers targeting major auto stocks, report says

Winnebago Industries

19/12/2024 15:07

** Large auto companies like Toyota, Volvo, and Porsche are
showing a rise in short interest and sell ratings, according to
a report by data and analytics company S3partners
    ** Smaller firms exhibit persistent short positions with
minimal shifts in analyst sentiment, the report adds
    ** In Europe, Volvo  VOLVb.ST  and Porsche  PSHG_p.DE   have
seen their short positions double YTD
    ** In Japan, Toyota  7203.T  has experienced similar
increases in short interest
    ** "The pattern of analyst sell recommendations mirrors the
short sales by investors," - report
    ** Toyota, Volvo and Porsche have seen an increase in sell
recommendations 
    ** In the U.S., four companies are notable for their short
positions: Lucid  LCID.O , Rivian  RIVN.O  Winnebago Industries
 WGO.N  and Nio ADR  9866.HK  

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))