Short Sellers Circle AirAsia After Stock Hits One-Year High
- AirAsia is third-most shorted stock in Malaysia: exchange data
- Shares of the carrier have rallied 37% so far this year
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Short sellers are taking aim at AirAsia Group Bhd. after the stock more than doubled from recent lows.
The carrier, once the pioneer of a low-cost flying revolution in Asia, is now the third-most shorted stock in Malaysia, exchange data show. Top Glove Corp. remains at the top of short sellers’ list, which includes other glove makers such as Kossan Rubber Industries Bhd. and Hartalega Holdings Bhd.