Dixons leads list of top shorted stocks

EMBATTLED electronics retailer Dixons has the most shorted stock amongst its FTSE All-Share counterparts, according to research by DataExplorers.

The firm has 18.69 per cent of its shares out on loan, which represents almost 70 per cent of the supply of shares available to be borrowed.

Dixons has issued two profit warnings so far this year, leading sellers to cover their positions.

The chain led the list of FTSE All-Share firms with shares out on loan as of 2 May.

Will Duff Gordon, research director at DataExplorers said: “Investors continue to express negative sentiment towards retailers, which now account for six of the top ten most shorted FTSE All Share stocks.”

Top Ten FTSE stocks on loan

Company % of shares on loan

Dixons 18.69

Yell Group 18.65

HMV 18.42

Mothercare 12.33

Thomas Cook 10.41

Homeserve 9.4

Kesa Electricals 8.96

Debenhams 8.59

Carpetright 8.45

Mitie Group 8

Source: DataExplorers