Hedge Funds

Short-sellers Increase Bets Against Wirecard As Hedge Funds Eye Bigger Pay-off From Crisis-hit Company’s Demise

by hedgeweek.com posted 8months ago 222 views
Short-sellers increase bets against Wirecard as hedge funds eye bigger pay-off from crisis-hit company’s demise Submitted By Hugh Leask | 25/06/2020 - 5:26pm Hedge funds are holding off from closing their short positions in crisis-hit e-payments firm Wirecard AG - with some even increasing their bets – in expectation that its share price will tumble yet again, boosting short sellers’ returns even further. New analysis by Ortex, the London-based equity analytics firm, suggests only 12.5 per cent of short positions have been closed over the past week, as the situation at the scandal-hit DAX 30-listed firm steadily worsened.

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