Tuesday, January 27, 2015

Oil Drillers Among Most Profitable-To-Lend To Shorts

From Securities Finance Monitor, Jan. 22, 2015:

Securities Lending Top 10 Earning Equities – January 19, 2014
DataLend presents its top 10 earnings equities for January 19, 2015. This list is built on DataLend¹s universe of more than 42,000 securities on loan.
center Methodology: We scan our universe of more than 42,000 securities on loan to find those securities with the most expensive financing positions in the U.S., U.K., Europe and Asia. Financing costs are determined by taking the total on-loan value of a security and multiplying it by the volume-weighted average fees to borrow that security, then converting the product of those numbers to a dollar value. We then sort the most expensive securities to finance in the securities lending market in descending order.

US

Utilization

1     DIAMOND OFFSHORE DRILLING 90.20%
2     GAMESTOP CL A 89.56%
3     TRANSOCEAN 89.61%
4     MYRIAD GENETICS 90.58%
5     MOBILEYE 96.33%
6     INVENSENSE 83.89%
7     GOPRO CL A 96.43%
8    ULTRA PETROLEUM 89.30%
9     MANNKIND 95.67%
10   LINDSAY 80.57%

UK

Utilization

1     SAINSBURYJ 75.16%
2     QUINDELL 85.01%
...MORE