We have a feeling that times are turning around for shortsellers. The sell offs in major markets and unusual 100 point movements in benchmark indices like the Dow Jones Industrial Average (INDEXDJX:.DJI) are giving off a distinct message that the rosy times of the first quarter are behind us. To the lament of shortsellers stocks with heavy short interest had reached new highs in the early part of this year. This could very well be a cyclical selloff but we have noticed a couple of companies whose shares have recently tumbled, thus finally giving some traction to their patient bearish bets. Take…
David Einhorn, Lansdowne, Maverick, AKO, Other Short Sellers Finally See Gains
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.