Short Interest Update: Deere, Qantas, PA Resources

by: Data Explorers

The DESLI Global 50 which tracks the change in short interest for the 50 largest global companies was virtually unchanged Monday. However, the U.K. jumped by nearly 13%, with Europe down 1% and Japan climbing 2%. Please go to our website for more information on the DESLI index.

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In Europe, stock prices stabilized, although some concerns have developed around the recent widening in credit spreads. We expect results from Brixton in the U.K., Telekom Austria (OTCPK:TKAGY) and PA Resources (OTC:PRSAF) in Sweden. PA Resources have a short base of 17%, up 65% on the month.

We expect company earnings announcements from Deere & Company (NYSE:DE), and Flowers Foods (NYSE:FLO). The short base in Deere & Company stands at 1.8% and has been declining steadily over the past few months. The stock price is up about 30% over recent weeks. Home Depot (NYSE:HD) reported falling profits, and the stock price dropped slightly more than the market. We also expect earnings reports from Qantas Airways (QAN), Amcor (OTCPK:AMCRY) in Australia, and Nippon Express in Japan. Qantas has seen its short base which currently stands at around 2%; increase 20% over the past month. The share price has also seen an upward trend.