HMV leads the top shorted FTSE stocks as investors remain bearish

STRUGGLING retailer HMV has failed to convince short sellers of its recovery story, despite a string of positive developments for the embattled music store chain.

The company is the most shorted stock in the FTSE All Share index, with almost 20 per cent of its shares out on loan, according to DataExplorers.

HMV sold the Waterstone’s book chain for £53m last month and had reportedly received the backing of its bankers. But short sellers have not been deterred, betting that the firm’s share price will continue to fall.

Will Duff Gordon, research director at DataExplorers said: “Short interest has not diminished in HMV. With the percentage of shares outstanding on loan having hovered around 20 per cent since early March, it would be hard for short sellers to source more of the stock.”


TOP TEN FTSE STOCKS ON LOAN

HMV Group – 19.86 per cent
Yell Group – 19.20 per cent
Provident Financial – 17.59 per cent
Dixons Retail – 14.59 per cent
Homeserve – 10.34 per cent
Thomas Cook – 10.18 per cent
Kesa Electricals – 9.19 per cent
Carpetright – 9.05 per cent
CSR – 8.22 per cent
Betfair Group – 7.34 per cent

Source: DataExplorers