Two Big Bets Against Ubisoft

Two Big Bets Against Ubisoft

Melvin Capital and Point72 have been building short positions in French video game producer Ubisoft in the recent weeks. Melvin Capital has a 0.89% short (about $92m), while Point72 has a 0.81% (about $83m) as of the latest disclosures.*

Melvin Capital added to Ubisoft short three times in May, while Point72 added to it for the fourth time in May on 2019-05-14.

This is not the first time that Melvin Capital appears in the context of short selling a video game company. Last year, Melvin Capital disclosed a 1.2 million shares large short position in Nintendo, valued at about $400 million at the time (ref. Variety).

Today Ubisoft reported Q4 results which missed expectations (ref. Reuters).

According to our records, Melvin Capital currently holds one more EU big short. This is a 1.88% short in German biotechnology company Evotec.

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* Note: Presented short selling data is based on European net short position data which is disclosed to the public when short positions at least equal to 0.5% of company issued share capital. Presented data and analytics is as of available on 2019-05-15.

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