National carrier Singapore Airlines (SIA) and chip testing firm AEM Holdings are among the top five stocks on the Singapore Exchange (SGX) that traders are betting will see their share price fall, according to data compiled by S&P Global Market Intelligence.
From Oct 26 to Nov 3, AEM Holdings topped the list of most-shorted stocks on SGX. The tech counter saw 14.68 million shares borrowed.
Short interest, which measures the percentage of outstanding shares held by short-sellers, in the counter was at 4.74 per cent.
For the first nine months of 2023, AEM's net profit plunged almost 97 per cent to $3.5 million, from about $115 million in the same period a year earlier, due to a sluggish chip industry and a one-off $26.7 million arbitration expense taken in the third quarter.
This story is from the November 11, 2023 edition of The Straits Times.
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This story is from the November 11, 2023 edition of The Straits Times.
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