The increasing competition China And the US tariffs put the European automotive industry under great pressure. More and more shortsellers are now betting on falling courses: Since Donald Trumps (79) Return to the White House in January, short positions have increased significantly against some of the largest European companies in the industry,, reports the “Financial Times”
. According to S&P Global, the shares awarded- an indicator of short positions- have increased by 35 percent in the automotive and supply sector since the beginning of the year.
Particularly strongly in the sights of the empty sellers: the French supplier Valeo, as the “FT” writes. According to the data provider Breakout Point, the company’s share is one of the most common empty stocks in Europe. The company supplies large car manufacturers in Europe, the USA as well as China and suffers from a falling demand, also according to components for electric vehicles. The company will cost the weakness of the US dollar this year 750 million euros, the company said in the past month.
Stellantis and Volvo under pressure
“The automotive industry is in a quite crisis,” said the head of a STADON-based stock hedge fund to the “FT”, which bets against several companies in the industry.
The in new York According to the recent official registration, resident hedge fund Jericho keeps a short position of 0.5 percent of the Stellis shares worth around 127 million euros, the “FT” report says. And Blackrock oppose a short position worth 75 million euros Volvo.