The amount of shorting going one has now reached the highest level since the equity market correction began, according to Markit.
‘Short interest’ in the FTSE 100 currently stands at around 1.7%, it added.
Sixty-two of London’s top one hundred shares have reported at least one material short positon since 2012, Markit says.
Markit highlights that short sellers in Europe have been obliged to disclose their positions on a daily basis, at least those that represent 0.5% or more of the company do, but, there is still scope for other short sellers to go under the radar.
Shell is the most extreme example of this, according to Markit, as it highlights that there are some US$3.7bn of short positions in the oil stock, but, it does not feature in publicly disclosed datasets.
There are short positions pertaining to 4.9% of Shell’s B shares (the sterling dividend payer) while 1.7% of the A shares are also ‘short’, the report revealed.