Shares of Singapore-listed property and hotel group UOL Group Limited posted a slight gain on Friday, February 6, closing at S$11.02, a marginal increase of 0.18%. This performance came against a broader market downturn, with the Straits Times Index falling 0.8% to 4,934.41, ending a three-day streak of record closes.
Significant Short-Selling Activity
Notably, short-selling activity in UOL was substantial, representing 35.3% of the day's total traded volume of 1.46 million shares. According to Singapore Exchange data, short sellers accounted for 514,000 shares, indicating heightened bearish sentiment toward the stock as it approaches its earnings announcement.
The Asian market session was broadly weaker, led by declines in technology stocks. Analysts suggested the move reflected profit-taking and de-risking by investors rather than a fundamental breakdown in the sector's outlook.
Earnings in Focus
Investor attention is now firmly fixed on UOL's upcoming financial report. The company is set to release its unaudited full-year results for 2025 on February 26, according to an SGX filing.
The elevated short interest introduces potential volatility around the earnings event. Should the company's results or forward guidance disappoint the market, the existing short positions could amplify any downward price movement. Conversely, a positive report could trigger a short squeeze as sellers rush to cover their positions.