Data product · Sweden

Sweden disclosure threshold gap — an upper bound

Finansinspektionen publishes two things about the same issuer: an aggregate net short position that includes holders below the naming threshold, and the register of named disclosures. The difference is short interest that is disclosed to the regulator and invisible in the public register.

Dated on the register state we observed, not on a publication date: this regulator publishes no date of its own. The date is therefore ours, and it is always at or after the moment the file became public — a backtest built on it is conservative, never early. State observed on 2026-10-26

Read this first

What this page does not show, and why

A gap is only meaningful if both sides are proven. When an issuer's named disclosures cannot be attached to it, the sum of the public side is zero and the gap equals the whole aggregate — which reads as “100% of this issuer's short interest is hidden below the threshold”. That sentence would be false, large and plausible, so those issuers are counted here and left out of the table.

338

issuers in the aggregate register

239

issuers with a gap that is proven on both sides

81

known to the identity bridge, but no named disclosure could be attached — not shown

18

issuer identifier unknown to the instrument bridge — not shown

Every gap below is an UPPER bound, and the table says so on each row: nominative disclosures whose instrument is unknown to the bridge cannot be counted on the public side, so that side is a lower bound. 5857 such disclosures exist in this regime today.

Coverage

Why this exists for one country

The gap needs a regulator that publishes an aggregate INCLUDING positions below the naming threshold. Most publish the named register only — there is then nothing to compare it against. Below, every jurisdiction whose register we ingest, and what it publishes.
JurisdictionRegulatorAggregate view
SEFinansinspektionenpublished — republished here
GBFCApublished, but its licence forbids redistribution

FCA — Legal terms (conditions 3.2 à 3.5) interdit la redistribution — se limiter au lien et à une citation courte

BEFSMAno aggregate view observed
FRAMFno aggregate view observed
ISSeðlabanki Íslandsno aggregate view observed
NLAFMno aggregate view observed
NOFinanstilsynetno aggregate view observed
SKNBSno aggregate view observed

“No aggregate view observed” is not “none exists”: we have not called every European regulator on this question, and claiming otherwise would be unverifiable. The day a source appears, it shows up here on its own.

The gap, issuer by issuer

Declared to the regulator, absent from the register

Sorted by the widest gap. The two ratios are never summed: they count different populations under different thresholds, and adding them would double-count the holders that appear in both.
IssuerAggregateNamedGapNamed holders
Cibus Real Estate AB (publ)549300PW36MFK96GCR2311.28 %4.06 %7.22 %upper bound8
Beijer Ref AB (publ)549300PZZEUVH08H4G758.12 %2.38 %5.74 %upper bound14
Aktiebolaget Electrolux549300Y3HHZB1ZGFPJ9310.83 %5.14 %5.69 %upper bound46
INVISIO AB54930054EB7KX3MY2Q116.77 %1.30 %5.47 %upper bound6
Mips AB549300LZSA4S0L54VQ2510.03 %5.03 %5.00 %upper bound34
RaySearch Laboratories AB (publ)549300TYFVYGS0JFWM2810.58 %5.71 %4.87 %upper bound21
Avanza Bank Holding AB549300MBWR5H8SIJLE035.47 %0.61 %4.86 %upper bound23
Hemnet Group AB (publ)5493008VIU67J3HUAR079.24 %4.44 %4.80 %upper bound19
New Wave Group AB5493006EIYZZYQILKS317.97 %3.33 %4.64 %upper bound14
Dynavox Group AB5493008X1XZR4R5R0P669.60 %5.26 %4.34 %upper bound16
AAK AB (publ)549300GK4LGIDDWJWL077.93 %3.61 %4.32 %upper bound13
Sivers Semiconductors AB254900UBKNY2EJ588J536.06 %1.88 %4.18 %upper bound11
Asker Healthcare Group AB636700RZEYK9TOWV8F054.53 %0.59 %3.94 %upper bound3
NIBE Industrier AB549300ZQH0FIF1P0MX675.42 %1.61 %3.81 %upper bound13
Embracer Group AB549300RFXXKT652HB5496.99 %3.38 %3.61 %upper bound13
Xvivo Perfusion Aktiebolag549300G2464FYLS14B418.37 %4.89 %3.48 %upper bound12
Addnode Group Aktiebolag (publ)213800CQXEA3W1YWXZ314.02 %0.67 %3.35 %upper bound6
Hacksaw AB636700SMLZDCBPNPMJ365.37 %2.05 %3.32 %upper bound6
Betsson AB549300W61XW8OFGBG0773.26 %0.00 %3.26 %upper bound4
Apotea AB (publ)636700XU8GQ8ZL4RNM173.67 %0.50 %3.17 %upper bound8

The preview stops here. 219 more issuers carry a proven gap today.

The underlying registers are public and free at the regulator — the link is in the licence note below. What is behind the wall is our computation, not the regulator's data.

Provenance

Where this comes from, and what must be cited

Source : Finansinspektionen — mise à jour du 2026-10-26

This attribution travels with the data: the licence requires the source and its update date, so anyone republishing these figures owes the same line.

Product
se-short-interest-gap v2
Time axis
the state of the register on that date · as_of_date
Licence
fi-se-open-data
Generated
2026-10-26

https://d-nvest.com/en/short-interest-gap