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Short-Sellers Circle Apple Supplier That's Loved by Analysts

  • Shares in Austria’s AMS have plunged, short interest rising
  • Semiconductor industry has been hit by concerns of cycle peak
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One of last year’s top-performing European stocks has lost nearly half of its value in the past five months, yet short-sellers keep flocking to it.

Austrian sensor maker AMS AG has fallen more than 40 percent from its all-time peak in March amid concerns over the smartphone supply chain and shorters are betting on more downside. Short interest in AMS climbed above 20 percent of the free float this week, according to data from S3 Partners. Meanwhile, the sell-side consensus rates it as among the best buys in the region, boosted by a technological edge in sensors used in Apple Inc.’s iPhone X.