Short interest on Swatch has doubled since January, according to a note from Data Explorers Friday, to just below 4% of total shares outstandingonloan.
But the reasons behind other heavily-shorted stocks on the top ten list, banking software company Temenos with 20.4% of its market capitalization onloan, Capgemini, with 17.5% of its market cap onloan, and Axa with 14.1% of its outstanding shares onloan, is harder to decipher.
Capello has included 23-year-old Joe Hart among his three goalkeepers after the Manchester City player enjoyed an outstanding season onloan at Birmingham.
In a shared appreciation restructuring, the lender would take a haircut on the outstandingloan and replace it with a combination of a new loan and a claim on the future appreciation of the collateral.
And these business rely heavily on interest rates as the interest income earned on the outstandingloan portfolio forms a bulk of each of their revenues.