The Israel Iran Conflict and recent U.S. bombing of Iranian nuclear sites has jeopardized the safety and viability of oil transports through the Strait of Hormuz.

Short Interest Rising

Worldwide marine transport short interest is $7.8 billion with $643 million of increased short selling over the last thirty days. AP Moller-Maersk (MAERSKB DC), China Cosco (1919 HK) & Mitsui OSK (9104 JP) are the largest worldwide shorts.

Crowded Shorts

AP Moller Maersk (MAERSKB DC), China Cosco (1919 HK), Golden Ocean Group (GOGL NO) & Hoegh Autoliners (HAUTO NO) are the most crowded shorts in the sector.

Short MTM Profits Increasing

Short sellers are up $463 million, +6.1%, over the last thirty days. 80% of every dollar shorted in the sector has been profitable. Evergreen Marine (2603 TT), Kawasaki Kisen Kaisha (9107 JP) & Wan Hai Lines (2615 TT) were the most profitable recent shorts.

Largest Recent Short Selling

Short selling in the sector should be increasing as volatility in the sector, and in the region, increases. Yang Ming Marine (2609 TT), China Cosco (1919 HK) & Hyundai Merchant Marine (011200 KS) were the most shorted stocks over the last thirty days.

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The information herein (some of which has been obtained from third party sources without verification) is believed by S3 Partners, LLC (“S3 Partners”) to be reliable and accurate. Neither S3 Partners nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein or accepts liability arising from its use. Prior to making any decisions based on the information herein, you should determine, without reliance upon S3 Partners, the economic risks, and merits, as well as the legal, tax, accounting, and investment consequences, of such decisions.