Short-selling interest -- or bets that a stock price will fall in the future
- has risen to all-time highs on the shares of computer mouse-maker Logitech
, according to data from Markit, which adds that short-sellers are also
continuing to target phone handset maker Nokia.
Markit says Logitech is the most "shorted" company in the pan-European STOXX
It adds that Logitech has 27.6 percent of its shares out on loan, as the
company struggles to cope with a market increasingly dominated by dominated by
tablets and devices such as Apple's iPad, which tend not to rely on
computer mice devices to be operated.
Markit adds in a research note that Nokia has 18.6 percent of its shares out
on loan -- unchanged from last month even though Nokia reported earlier this
month that strong sales of Lumia smartphones helped its mobile phone business
achieve underlying profitability in the fourth quarter.
"Despite better than expected sales and backing from Microsoft
which has raised the prospects of the company being taken over; short sellers
have borrowed more than 15 percent of the company's shares for over three
months," writes Markit.
Stock lending is a proxy for demand to sell a stock short, where a share is
borrowed and sold on before being bought back at a cheaper price, and then
returned to the original holder.
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