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Hedge Fund Short Sellers Seize On Capita’s Woes As Uk Outsourcer’s Stock Falls Further

by hedgeweek.com posted 3weeks ago 56 views
Hedge fund short sellers seize on Capita’s woes as UK outsourcer’s stock falls further Submitted By Hugh Leask | 02/09/2020 - 12:27pm Hedge fund short sellers look set to gain from bets against London-headquartered Capita after the embattled global outsourcing and professional services provider’s stock price slipped again following recent poor first half results. Capita suffered a GBP28.5 million (USD38 million) loss during the first six months of 2020, and warned of a two-year cash flow squeeze as a result of the coronavirus crisis in its H1 statement last month.

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