Shorters are busy

Data Explores has developed an index – the DESLI 50 – which tracks short interest in the 50 largest companies in the securities lending market.
We read:

The Data Explorers Securities Lending Index (DESLI) series tracks the change in short interest (as a percentage of securities lending to shares outstanding) across large cap names in the US, UK, Europe (ex UK), Japan, and Asia (ex JP). There is also a global index, the DESLI 50 which tracks the short interest for the fifty largest market capitalized companies in the global securities lending market. An increase in the index, which was benchmarked to 100 on 2nd Jan 2009, represents an increase in shorts. Please note that the DESLI methodology is not impacted by changes in price or by changes in trade volume so securities lending activity is not obscured by cash market movements.

On the 6th of January this index hit a low on 88.34 and since then it has increased with 42.76%. Especially the last two weeks the rise was particular steep as global equity markets hit a new low.

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