Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Korea Short Interest - Candidates for Short Covering/New Shorts

KOSPI Short Interest and a Trading Strategy

Quantitative Analysis

The Korea Exchange (KRX) publishes outstanding short position data daily with a two day lag. The data below is of the close of 30 August.Current short notional on the KOSPI market is KRW 11,839bn (US$9.75bn) with the largest short notionals in <a href="https://www.smartkarma.com/entities/celltrion-inc" target="_blank" rel="noopener" data-smartkarma-citation="entities:991:1">Celltrion Inc (068270 KS)</a>, <a href="https://www.smartkarma.com/entities/samsung-electro-mechanics-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:539:1">Samsung Electro Mechanics Co, Ltd. (009150 KS)</a>, <a href="https://www.smartkarma.com/entities/hyundai-motor-co" target="_blank" rel="noopener" data-smartkarma-citation="entities:155:1">Hyundai Motor Co (005380 KS)</a>, <a href="https://www.smartkarma.com/entities/samsung-biologics-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:22932:1">Samsung Biologics Co., (207940 KS)</a> and <a href="https://www.smartkarma.com/entities/hyundai-mobis-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:6089:1">Hyundai Mobis (012330 KS)</a>. Stocks with the largest short percentage as a percentage of free float are <a href="https://www.smartkarma.com/entities/aekyung-industrial-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:27129:1">Aekyung Industrial Co Ltd (018250 KS)</a>, <a href="https://www.smartkarma.com/entities/netmarble-corporation" target="_blank" rel="noopener" data-smartkarma-citation="entities:22839:1">Netmarble Corporation (251270 KS)</a>, <a href="https://www.smartkarma.com/entities/samsung-electro-mechanics-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:539:1">Samsung Electro Mechanics Co, Ltd. (009150 KS)</a>, <a href="https://www.smartkarma.com/entities/doosan-infracore-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:3982:1">Doosan Infracore (042670 KS)</a> and <a href="https://www.smartkarma.com/entities/samsung-biologics-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:22932:1">Samsung Biologics Co., (207940 KS)</a>.Stocks with the largest increase in short interest over the week were <a href="https://www.smartkarma.com/entities/celltrion-inc" target="_blank" rel="noopener" data-smartkarma-citation="entities:991:1">Celltrion Inc (068270 KS)</a>, <a href="https://www.smartkarma.com/entities/fila-korea-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:10699:1">Fila Korea Ltd (081660 KS)</a>, <a href="https://www.smartkarma.com/entities/amorepacific-corp" target="_blank" rel="noopener" data-smartkarma-citation="entities:20854:1">Amorepacific Corp (090430 KS)</a>, <a href="https://www.smartkarma.com/entities/hyundai-motor-co" target="_blank" rel="noopener" data-smartkarma-citation="entities:155:1">Hyundai Motor Co (005380 KS)</a> and <a href="https://www.smartkarma.com/entities/samsung-sdi-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:503:1">Samsung Sdi (006400 KS)</a> while shorts were covered in <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:191:1">Samsung Electronics (005930 KS)</a>, <a href="https://www.smartkarma.com/entities/s-oil-corp" target="_blank" rel="noopener" data-smartkarma-citation="entities:1667:1">S Oil Corp (010950 KS)</a>, <a href="https://www.smartkarma.com/entities/samsung-electro-mechanics-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:539:1">Samsung Electro Mechanics Co, Ltd. (009150 KS)</a> and <a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" rel="noopener" data-smartkarma-citation="entities:16955:1">SK Hynix (000660 KS)</a>.   We also take a look at how the short interest has evolved in a few large names over the last year and focus on the biopharmaceutical sector where SillaJen continues to drop and a couple of other names show similar evolution in price and short interest to SillaJen.

The Korea Exchange (KRX) publishes outstanding short position data daily with a two day lag. The data below is of the close of 30 August.Current short notional on the KOSPI market is KRW 11,839bn (US$9.75bn) with the largest short notionals in Celltrion Inc (068270 KS), Samsung Electro Mechanics Co, Ltd. (009150 KS), Hyundai Motor Co (005380 KS), Samsung Biologics Co., (207940 KS) and Hyundai Mobis (012330 KS). Stocks with the largest short percentage as a percentage of free float are Aekyung Industrial Co Ltd (018250 KS), Netmarble Corporation (251270 KS), Samsung Electro Mechanics Co, Ltd. (009150 KS), Doosan Infracore (042670 KS) and Samsung Biologics Co., (207940 KS).Stocks with the largest increase in short interest over the week were Celltrion Inc (068270 KS), Fila Korea Ltd (081660 KS), Amorepacific Corp (090430 KS), Hyundai Motor Co (005380 KS) and Samsung Sdi (006400 KS) while shorts were covered in Samsung Electronics (005930 KS), S Oil Corp (010950 KS), Samsung Electro Mechanics Co, Ltd. (009150 KS) and SK Hynix (000660 KS).   We also take a look at how the short interest has evolved in a few large names over the last year and focus on the biopharmaceutical sector where SillaJen continues to drop and a couple of other names show similar evolution in price and short interest to SillaJen.

Samsung Electro Mechanics Co, Ltd. (009150 KS)

Korea Short Interest - SillaJen Tends to Zero