Short Sellers Target Chinese Developers as Rout Deepens
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Stock traders have doubled bearish bets against some of the biggest Chinese developers amid growing concern that a weaker real-estate market will curb property sales just as borrowing costs surge.
Short interest in Evergrande Real Estate Group Ltd., the nation’s fourth-largest developer by market value, was at 8.4 percent of shares outstanding on March 17, up from 3.2 percent a year ago, according to data compiled by Bloomberg and Markit Group Ltd. It touched a record 8.6 percent on March 4. Wagers against Guangzhou R&F Properties Co. and Agile Property Holdings Ltd. have both reached the highest since December 2012.