GraniteShares : New analysis reveals that on January 25th 2022, Cineworld Group, the world’s second-largest cinema chain, was the most shorted UK listed company.
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Will Rhind, Founder and CEO at GraniteShares
Some 8.8% of its stock was held short by six investment firms, with New Holland Capital LLC the largest short position with 2.42% of the company’s shares.
The next most shorted UK listed companies were Petropavlovsk PLC, Hammerson PLC, AO World PLC and Majestic Wine PLC where the respective short positions were 6.1%, 6.0%, 5.7% and 4.6% respectively. 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 |
| Cineworld Group | 8.8% | 6 |
| Petropavlovsk PLC | 6.1% | 3 |
| Hammerson PLC | 6.0% | 6 |
| AO World PLC | 5.7% | 6 |
| Majestic Wine PLC | 4.6% | 6 |
| Network International Holdings PLC | 4.4% | 4 |
| Alphawave IP Group PLC | 4.2% | 4 |
| BOOHOO.com | 4.1% | 3 |
| Domino’s Pizza Group | 4.1% | 6 |
| Dixons Carphone PLC | 4.0% | 4 |
| Kingfisher PLC | 4.0% | 5 |
Source: London Stock Exchange, updated on 25th January 2022
Among the stocks tracked by GraniteShares ETPs, Vodafone Group is the 23rd most shorted stock, with three fund managers holding short positions representing 2% of the outstanding stock.
In terms of which fund managers had the most short positions on UK listed companies, the analysis reveals GLG Partners LLP had the highest number with 25. This was followed by Marshall Wace LLC, BlackRock Investment Management (UK) Limited, JP Morgan Asset Management (UK) Ltd and Ennismore Fund Management Limited with 24, 19, 13 and 11 short positions respectively.
| Fund Manager | Number of short positions |
| GLG Partners LLP | 25 |
| Marshall Wace LLP | 24 |
| BlackRock Investment Management (UK) Limited | 19 |
| JP Morgan Asset Management (UK) Ltd | 13 |
| Ennismore Fund Management Limited | 11 |
| Citadel Advisors Europe Limited | 9 |
| Jupiter Investment Management Limited | 7 |
| AQR Capital Management LLC | 6 |
| AKO Capital LLP | 6 |
| WorldQuant LLC | 5 |
Source: London Stock Exchange, updated on 25th January 2022
Will Rhind, Founder and CEO of GraniteShares, said: “Year ahead forecasts are focusing on strong growth across major markets with some analysts predicting the FTSE-100 will break the 8,000 points barrier. Despite the more optimistic tone, ongoing concerns about Brexit and COVID are a cause for caution”.
“There remain potential opportunities for sophisticated investors seeking to take advantage of price declines on specific stocks and increasingly they are looking to do so through shorting. The value of funds invested in our 3x short single stock ETPs listed on the London Stock Exchange was around $60 million on 31 December 2021.”
The five most popular 3x short single stock GraniteShares ETPs currently are:
| Top five GraniteShares single stock 3x short ETPs | Value of funds invested in ETPs |
| GraniteShares 3x Short Tesla Daily ETP | $33.7m |
| GraniteShares 3x Short Amazon Daily ETP | $3.5m |
| GraniteShares 3x Short NIO Daily ETP | $2.9m |
| GraniteShares 3x Short Rolls-Royce Daily ETP | $2.9m |
| GraniteShares 3x Short NVIDIA Daily ETP | $1.7m |
Source: Graniteshares, Bloomberg as 31 December 2021
Source: ETFWorld.co.uk
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