Bearish bets: Hedge fund short sellers stack up wagers against Cineworld, Sainsbury’s and Petropavlovsk
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By Hugh Leask | 14/07/2021 - 5:11pm
Hedge funds are continuing to pile on bets against Cineworld, with the beleaguered global movie theatre chain – whose share price tumbled again this week – now the most-shorted, UK-listed stock. Around 7.5 per cent of Cineworld’s stock is held short by six investment managers, according to new analysis from New York-based ETP provider GraniteShares. New Holland Capital has taken the largest bearish bet, holding 2.42 per cent of the company’s shares.