HTC Corp Under Pressure; Shorts In Japan On The Rise

Monthly Prime Brokerage reports from both Deutsche Bank and JPMorgan noted the increasing hedge fund short interest in the Taiwanese cellular phone company, HTC Corp (TPE:2498). In the last month, PB clients added up their short bets in the company after HTC released weaker forward guidance for Q3.

HTC Corp, other Taiwanese tech companies see increased short interest

Other Taiwanese tech companies also remained under pressure; a negative outlook on laptop computers increased the already high short interest in Acer Incorporated (TPE:2353), and shorts up by 17 percent. Wistron Corporation (TPE:3231)...