Peugeot's Shortsellers Have Good Day As Shares Fell 10%

After an over 100% stock rally this year, Peugeot SA (OTCMKTS:PEUGY) (EPA:UG) slipped close to -10% today. The French carmaker suffered a major slide after news that the company could be increasing capital up to €3 billion through Chinese manufacturer Dongfeng and the French government. The company has not confirmed the news yet and it will be subject to regulatory and shareholder approvals, so nothing is final so far. General Motors and Peugeot on rocky grounds Apparently the market did not like several things about the capital increase, including the added control of the French state and the possible drawbacks of…