There has been a sharp decline in UK retail sales, with June recording the weakest performance for a year, according to a report by the CBI employers group. Despite average short interest across the UK retail sector standing at a low 0.9% of total shares outstanding, almost a third of the sector displays high levels of short interest. Over in the U.S, the Retail sector saw the second highest frequency of stocks reaching new annual short interest highs over the past week in comparison to other sectors.
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