Ennismore is Latest Hedge fund With a Cupid Love Affair

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HFA Staff
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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…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.