Short sellers are circling 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 by volume 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.

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