SingPost short interest spikes on uncertain direction and smaller scale
The short interest in Singapore Post (SingPost) shares has been surging since July, catapulting the counter to the top shorted stock on the Singapore Exchange, S&P Global Market Intelligence analysis showed.
Nearly 5 per cent of its outstanding shares were on loan as at Oct 3.
Concerns emerged over its reduced operational scale and uncertain strategic direction, leading to short interest – defined as the percentage of outstanding shares on loan – building up from late July.
