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AirAsia becomes third most shorted stock in Malaysia after price hits one year high

Bloomberg
Bloomberg3/15/2021 12:32 PM GMT+08  • 2 min read
AirAsia becomes third most shorted stock in Malaysia after price hits one year high
AirAsia's share price has surged almost 40% so far this year.
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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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