While Japans flagship panel maker completed its biggest two-day rally this year on Thursday, bearish bets have climbed toward a record.
Japan Display Inc. soared 15 percent this week, boosted by reports of strong quarterly sales of iPhones, which use the companys liquid-crystal displays. But short interest rose to 24 percent of free float as of Tuesday, approaching a record high set in May, as analysts said the companys restructuring plans announced last week were far from impressive.
Issues around Japan Display will be long running, Damian Thong, an analyst at Macquarie Group Ltd., said in Tokyo on Thursday. Its long-term restructure outlook is challenged by the reality of significant overseas competition.
…
Read the full article at: https://www.bloomberg.com/news/articles/2017-08-17/bearish-bets-on-japan-display-set-for-record-amid-restructuring