GraniteShares ETP explains that new analysis reveals that on November 28th 2022, online fashion giant Boohoo Group was the most shorted UK listed company.
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Will Rhind, Founder and CEO at GraniteShares ETP
Some 8.5% of its stock was held short by nine investment firms with Marble Bar Asset Management LLP holding the biggest position at 2.47%.
GraniteShares ETP : Many of the top 10 most shorted companies were retailers with ASOS and Majestic Wine the second and third most shorted with 8.4% and 6.4% of their stock held short while Kingfisher was the fifth most shorted with 5.6% of its stock held short. Green hydrogen firm ITM Power was the fourth most shorted with 5.8% of its stock held short. The table shows the largest ten short positions in companies that are listed and trading on the London Stock Exchange.
| Company | Percentage of stock held short | Number of funds shorting the stock |
| Boohoo Group PLC | 8.5% | 9 |
| ASOS PLC | 8.4% | 7 |
| Majestic Wine PLC | 6.4% | 4 |
| ITM Power PLC | 5.8% | 6 |
| Kingfisher PLC | 5.6% | 4 |
| Standard Life Aberdeen PLC ORD | 5.5% | 7 |
| Ashmore Group PLC | 5.4% | 5 |
| Travis Perkins PLC | 4.8% | 5 |
| Victoria PLC | 4.7% | 3 |
| Fevertree Drinks PLC | 4.5% | 1 |
Source: London Stock Exchange, updated on November 28th 2022
GraniteShares ETP : The analysis reveals GLG Partners LLP had by far the most short positions on UK listed companies of any investment firms with 39.
This was followed by Marshall Wace LLP, BlackRock Investment Management (UK) Limited and JP Morgan Asset Management (UK) with 32, 26 and 12 short positions, respectively.
| Fund Manager | Number of short positions |
| GLG Partners LLP | 39 |
| Marshall Wace LLP | 28 |
| Citadel Advisors LLC | 21 |
| BlackRock Investment Management (UK) Limited | 19 |
| BennBridge Limited | 13 |
| JP Morgan Asset Management (UK) Ltd | 11 |
| Ennismore Fund Management Limited | 11 |
| Qube Research & Technologies Limited | 9 |
| Citadel Advisors Europe Limited | 9 |
| AQR Capital Management LLC | 9 |
Source: London Stock Exchange, updated on November 28th 2022
Will Rhind, Founder and CEO of GraniteShares ETP, said: “Retailers are bearing the brunt of the cost of living squeeze on consumer spending in the UK with companies in the sector coming under pressure and Boohoo and Asos emerging as the most shorted companies.
“However research on the top 10 shows that investors are looking at a wide range of sectors when choosing to short companies with green hydrogen firm ITM Power and Standard Life Aberdeen also increasingly seen as targets.
“In these volatile markets, sophisticated investors are increasingly looking to short stocks and using products such as ETPs to do so.”
Source: ETFWorld.co.uk
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