Search
EN Down
Language
Hi, user_no_name
Live Chat

Cineworld shares collapsed on Monday after the company closed its UK and US theatres after the latest James Bond picture was delayed. Shares dived around 44% to trade at 22p.

Lumbered with over $8bn in debt and with a $1.6bn loss in the first half, things were looking dicey for Cineworld well before today’s update. Short interest in the stock was exceptionally high as hedge funds circled a vulnerable member of the herd.

Short-list

Looking at Shorttracker.co.uk we can see the following stocks are the top targets by short sellers.

Company % short Funds short
CINEWORLD GROUP 8.50% 8
PREMIER OIL PLC 8.10% 2
TULLOW OIL PLC 7.90% 5
METRO BANK PLC 7.80% 5
PEARSON PLC 7.80% 7
PETROFAC LTD 7.80% 5
CARILLION PLC 7.20% 6
HAMMERSON PLC 7.20% 6
SAINSBURY (J) PLC 6.50% 4
TUI AG 6.10% 8
INTL CONSOLIDATED AIRLINE-DI 5.90% 7
BABCOCK INTL GROUP PLC 5.80% 4
PETROPAVLOVSK PLC 5.60% 2
WEIR GROUP PLC/THE 5.40% 5
BLUE PRISM GROUP PLC 4.70% 5
IQE PLC 4.70% 3
VODAFONE GROUP PLC 4.40% 4
FUTURE PLC 4.20% 4
DOMINO’S PIZZA GROUP PLC 4.00% 6
WOOD GROUP (JOHN) PLC 4.00% 6
CAPITA PLC 3.80% 5
MICRO FOCUS INTERNATIONAL 3.80% 3
N. Brown Group 3.80% 3
WM MORRISON SUPERMARKETS 3.70% 3
ASHMORE GROUP PLC 3.50% 4

The Z-list

It’s not always the best indicator but the Altman Z-Score is always worth looking at. Here’s the lowest scoring stocks on the FTSE 350. (source: Reuters)

Name RIC Altman Z-Score
FTSE 350 Index .FTLC
Vodafone Group PLC VOD.L -0.43
London Stock Exchange Group PLC LSE.L 0.03
IntegraFin Holdings plc IHPI.L 0.08
TP ICAP PLC TCAPI.L 0.16
Ninety One PLC N91.L 0.23
Rolls-Royce Holdings PLC RR.L 0.62
Premier Foods PLC PFD.L 0.62
Aston Martin Lagonda Global Holdings PLC AML.L 0.65
ContourGlobal PLC GLO.L 0.70
Intermediate Capital Group PLC ICP.L 0.73
Airtel Africa PLC AAF.L 0.77
Severn Trent PLC SVT.L 0.77
Capita PLC CPI.L 0.84
United Utilities Group PLC UU.L 0.85
IWG Plc IWG.L 0.85
SSE PLC SSE.L 1.05
Energean PLC ENOG.L 1.06
Cineworld Group PLC CINE.L 1.08
Pennon Group PLC PNN.L 1.09
National Grid PLC NG.L 1.11
Petropavlovsk PLC POG.L 1.11
FirstGroup PLC FGP.L 1.13
Diversified Gas & Oil PLC DGOC.L 1.15
Mitchells & Butlers PLC MAB.L 1.18
Talktalk Telecom Group PLC TALK.L 1.18
TUI AG TUIT.L 1.19
British Land Company PLC BLND.L 1.21
BT Group PLC BT.L 1.23
National Express Group PLC NEX.L 1.24
Signature Aviation PLC SIGSI.L 1.25

 

Traders can make up their own minds about which companies may require additional capital raising using the Reuters equity analysis tool in the platform.

Latest news

Boeing stock drops despite better-than-expected Q1 earnings

Wednesday, 24 April 2024

Indices

Q1 earnings beat fails to stop Boeing stock slide

Australia’s BHP bids $38.8 billion for Anglo American in mining megadeal

Wednesday, 24 April 2024

Indices

BHP bids $38.8 billion for Anglo American in copper megadeal

Japanese yen falls to 155 vs dollar, weakest since 1990

Wednesday, 24 April 2024

Indices

Japanese yen hits 155 per dollar, weakest level since 1990

Tesla stock jumped in after-hours trading despite a 48% drop in Q1 profits

Wednesday, 24 April 2024

Indices

Tesla stock pops after hours despite 48% drop in Q1 profits

Live Chat