Hyperdrive
Short Sellers Circle Volvo Car, Porsche Amid China Risks
- Geely-owned Volvo Car’s EX30 electric SUV is made in China
- Potential retaliatory measures from China could hurt Porsche
This article is for subscribers only.
As worries pile up for Europe’s autos industry, short sellers have been choosing their targets.
Chief among them are Volvo Car AB and Porsche AG, which have both seen big increases in the percentage of shares out on loan — typically an indication of short interest — since the start of the year. Analysts say China has a lot to do with it, most specifically anxiety about the European Union’s tariffs on electric cars shipped from the Asian nation — and the potential for Beijing to retaliate.