Finland is not exactly the most exciting place for hedge funds, except for Tiger cubs who are shorting Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) in a pack. But another crowded short bet that is gaining some high profile shortsellers is Outotec Oyj (HEL:OTE1V), a Finnish company that provides services in the mining and metallurgic business. David Einhorn’s Greenlight Capital has also established a short position in the company—the fund started shorting Outotec in mid-July and has now increased its position to 1.64% of Outotec’s shares, one of the largest short bets disclosed on Outotec, and equal to around $40 million. Other notable bets…
Greenlight Capital Ups Short Position in Finnish Miner
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.