London-based hedge fund Ennismore Fund Management, seems to think that Cupid PLC (LON:CUP)’s downward journey is not ending anytime soon. The fund reopened its short bet on April 3 after covering it entirely, and the negative position is now 2.22 percent of the online dating company. Cupid PLC (LON:CUP) has been surrounded by allegations of fake profiles which the company has denied vehemently but it seems as if Ennismore is not buying it. The company is a favorite short among hedge funds. You can also access the full list of hedge fund short positions in Europe. Despite the stock’s rising performance and reaffirmation of…
Ennismore is Latest Hedge fund With a Cupid Love Affair
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.