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Prices & Quotes - UK Markets - Hammerson (HMSO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 16.96p
Change Today:
-0.30p
Market Cap:
649.63m
Sector:
Real Estate Investment Trusts

Hammerson is most shorted UK company, alongside Metro Bank and Sainsbury's

By Sean Farrell

Date: Wednesday 09 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Hammerson is the most shorted UK listed company as investors bet against the beleaguered shopping centre operator, research shows.

With 14.04% of its shares held in short positions Hammerson is far ahead of the next most-shorted stocks, Metro Bank and Sainsbury's, GraniteShares said. Its research showed 8.68% of Metro's shares were shorted and 8.39% of Sainsbury's.

Hammerson's business was already under pressure before the Covid-19 crisis forced mass branch closures by retailers, causing commercial property values to drop and casting doubt over the viability of Hammerson's assets such as London's Brent Cross.

Hammerson's shareholders voted for an 825m rescue plan on 1 September that includes a 3552m rights issue. The company's shares hit an all-time low of about 217p in May and were down 0.9% to 281p at 14:32 BST.

Short sellers borrow shares which they then sell and hope to buy back later at a cheaper price. Shorting is a bet against a company's share price. With 4.33% of the company's shares, Caxton Europe is Hammerson's biggest short seller of 11 funds betting against the stock.

The rest of the top 10 most shorted shares are Premier Oil (8.13%), Cineworld (7.99%), Tullow Oil (7.53%), Royal Mail (7.51%), Petrofac (6.06%) and TUI (5.83%). Many of the companies such as Hammerson, Cineworld, TUI and oil companies have been hit by the Covid-19 crisis.

After plunging in March when the extent of the Covid-19 crisis became clear stock markets have rebounded, leaving some short sellers exposed. Short sellers los about 420m on FTSE 100 companies in August, GraniteShares said.

Will Rhind, chief executive of GraniteShares, said: "Markets around the world rose in August, which resulted in losses for many short sellers. However, markets are very volatile at the moment and we have recently seen executives of large listed companies selling off some of their stock, which has resulted in share prices falling."

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Hammerson Market Data

Currency UK Pounds
Price 16.96p
Change Today -0.30p
52 Week High 142.78p
52 Week Low 15.01p
Volume 13,626,070
Shares Issued 3,831.47m
Market Cap 649.63m

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 7
Sell 2
Strong Sell 6
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hammerson Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 21-Mar-19
Paid 07-Oct-19 02-May-19
Amount 11.10p 14.80p

Trades for 29-Oct-2020

Time Volume / Share Price
16:38 400,000 @ 16.96p
16:38 1,000,000 @ 16.96p
16:37 34,694 @ 16.96p
16:36 6,768 @ 16.96p
16:36 160,759 @ 16.96p

Hammerson Key Personnel

CEO David Atkins
CFO James Lenton