Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

KOSPI Lockup Releases - Boryung Pharm, CJ CGV, Meritz Securities, & IBK

GS Retail Merger Swap Arb Trade Begins This Monday

Korea Short Selling First Day: All Index Exclusion Stocks Are in Action

Korea Shorting Resumes Next Week: Immediate Target Stocks on the Radar

CB Balance X Delta (σ, 21 TD) Based Potential Shorting Inflow Among Korea Short 350

Korea Short 350: Loan Balance, Short Interest, & % to 52WH

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Quantitative Analysis

<p>Korea Short 350 is the list of the stocks that immediately become subject to short-selling starting May 3. The Short 350 comprises the KOSPI 200 and KOSDAQ 150 members.</p><hr><div class="content-highlight">
<h2>KOSPI 200 - Loan to Float &amp; Loan to ADTV Ratios</h2>
<p><strong>You can find the full data of all the 200 KOSPI 200 members in the attachment.</strong></p>
</div><p>Cuckoo Homesys and DL Holdings top the loan balance to float shares ratio as 22.14%, and 20.44% of the float shares are sitting on their loan book, respectively. CJ CGV and GS Retail aren't that far from the leaders, followed by Lotte Tour and LG Display.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/203/555/original/KOSPI+200+-+Top+10+loan+balance+to+float+shares+ratio+%281%29.png?1619738997" class="editor-image img-responsive" data-smartkarma-image-id="203555"></figure><p></p></section><p>Lotte Tour has the largest short interest relative to the float shares among the KOSPI 200 members. Doosan Infracore and Hotel Shilla distantly follow. </p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/203/518/original/KOSPI+200+-+Top+10+short+interest+to+float+shares+ratio.png?1619736251" class="editor-image img-responsive" data-smartkarma-image-id="203518"></figure></section><p>Ottogi Corp has the highest loan balance to ADTV ratio among the KOSPI 200 members. The usual names also appear at the top of this list, including GS Retail, Hanjin Kal, Celltrion, and CJ CGV.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/203/522/original/KOSPI+200+-+Top+10+loan+balance+to+ADTV+ratio+%28x%29.png?1619736518" class="editor-image img-responsive" data-smartkarma-image-id="203522"></figure></section><hr><div class="content-highlight">
<h2>KOSDAQ 150 - Loan to Float &amp; Loan to ADTV Ratios</h2>
<p><strong>You can find the full data of all the 150 KOSDAQ 150 members in the attachment.</strong></p>
</div><p>KMW leads the loan balance to float shares ratio list among the KOSDAQ 150 members. 22.74% of the float shares are currently being loaned for KMW. Seegene and HLB closely follow.</p><p><em>FYI, SillaJen is currently under trading suspension. </em></p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/203/533/original/KOSDAQ+150+-+Top+10+loan+balance+to+float+shares+ratio.png?1619738060" class="editor-image img-responsive" data-smartkarma-image-id="203533"></figure><p></p></section><p>Other than SillaJen, KMW again tops the shot interest to float shares ratio at 9.10%, distantly followed by HLB and Toptec, 5.47% and 3.62%, respectively.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/203/534/original/KOSDAQ+150+-+Top+10+short+interest+to+float+shares+ratio.png?1619738079" class="editor-image img-responsive" data-smartkarma-image-id="203534"></figure><p></p></section><p>Ubiquoss Holdings currently features the highest loan balance to ADTV ratio among the KOSDAQ 150 members. KMW again ranks near the top at 23.98%, followed by HLB and Komipharm.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/203/532/original/KOSDAQ+150+-+Top+10+loan+balance+to+ADTV+ratio+%28x%29.png?1619737986" class="editor-image img-responsive" data-smartkarma-image-id="203532"></figure></section>

Korea Short 350 is the list of the stocks that immediately become subject to short-selling starting May 3. The Short 350 comprises the KOSPI 200 and KOSDAQ 150 members.
KOSPI 200 - Loan to Float &amp; Loan to ADTV Ratios
You can find the full data of all the 200 KOSPI 200 members in the attachment.
Cuckoo Homesys and DL Holdings top the loan balance to float shares ratio as 22.14%, and 20.44% of the float shares are sitting on their loan book, respectively. CJ CGV and GS Retail aren't that far from the leaders, followed by Lotte Tour and LG Display.Lotte Tour has the largest short interest relative to the float shares among the KOSPI 200 members. Doosan Infracore and Hotel Shilla distantly follow. Ottogi Corp has the highest loan balance to ADTV ratio among the KOSPI 200 members. The usual names also appear at the top of this list, including GS Retail, Hanjin Kal, Celltrion, and CJ CGV.
KOSDAQ 150 - Loan to Float &amp; Loan to ADTV Ratios
You can find the full data of all the 150 KOSDAQ 150 members in the attachment.
KMW leads the loan balance to float shares ratio list among the KOSDAQ 150 members. 22.74% of the float shares are currently being loaned for KMW. Seegene and HLB closely follow.FYI, SillaJen is currently under trading suspension. Other than SillaJen, KMW again tops the shot interest to float shares ratio at 9.10%, distantly followed by HLB and Toptec, 5.47% and 3.62%, respectively.Ubiquoss Holdings currently features the highest loan balance to ADTV ratio among the KOSDAQ 150 members. KMW again ranks near the top at 23.98%, followed by HLB and Komipharm.

Korea Short 350 Quant Study: Full List with Loan to Float & Loan to ADTV Ratios