2020-03-28
This week we have registered three new activist shorts campaigns. On average, three targeted stocks are down 9.6% versus prior to the reports, while Hindenburg's target plummeted the most and is down more than one third. We highlight Citron’s call on CACC which bets on the freeze of the subprime credit market …
Read More2020-03-23
TL; DR: Intrum shares closed about 23% lower today, following a disclosure of a 0.5% short position by Muddy Waters Capital.* Muddy Waters Capital disclosed a 0.5% short in this Swedish provider of credit management services and solutions (such as, debt collection and debt surveillance). Disclosed short position is dated 2020-03-20 and translates to about €6m …
Read More2020-03-21
This week, six EU regulators announced country-wide short selling bans in duration from one up to three months. While Spain, France, Belgium, Austria and Greece announced bans in duration of about one month, Italian regulator, announced that this measure will be valid, unless revoked, for three months. This is not the first …
Read More2020-03-20
This week Bridgewater disclosed more than 70 reductions in their big EU shorts. This is in contrast to the previous week when we uncovered more than €14b in bets against 43 major companies, seemingly somehow related to a major European index. Almost all of the world's largest hedge fund EU short …
Read More2020-03-14
This week Bridgewater disclosed big shorts in 43 European firms, mainly betting against major companies in France, Germany, Netherlands, Spain and Italy. We estimated that, as of Friday's close and as of currently available data, more than €14b have been accumulated across these short positions. Media reported that Bridgewater’s Pure Alpha Fund …
Read More2020-03-10
37 new short positions by Bridgewater were disclosed today. All are bets against major EU companies, including, Unilever, SAP, BNP Paribas, Total, Adidas, and Danone. We estimated that, as of Monday's close, cumulative short position is worth more than whooping €10.5b.* Bridgewater back with Big EU Shorts We captured 37 new big …
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