The Mycronic Chronicles: Shorts, Analysts Face Off on Hot Stock
- Maker of technology gear is among most-shorted Swedish stocks
- Shares have bucked the downtrend in technology in 2018
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In a year in which big gains have been hard to come by for investors in European technology stocks, Mycronic AB stands out: The maker of equipment used in the production of smartphone displays has surged 27 percent, one of the industry’s best performances.
Yet a sizable group of speculators is betting the volatile market for some of the Swedish company’s products is peaking. Some 21 percent of Mycronic’s shares available for trading have been sold short, according to data from IHS Markit Ltd., one of the highest levels among the 362 stocks in the Stockholm All-Share Index.