Hedge funds have raised their bets on a fall in voting shares in Volkswagen (VW) since mid-July, The Wall Street Journal reports. Short sellers seem to be betting that if the proposed merger between VW and Porsche fails, VWâs shares will drop.
The number of shares borrowed is equivalent to almost 2% of the car makerâs equity. In October, funds including Odey Asset Management, SAC Capital Advisors and Greenlight Capital had shorted VW, whose shares many managers believed were overvalued and ripe to fall.
http://www.emii.com/CampaignArticle...-Short-On-Volkswagen-Shares.aspx?LS=EMS306828
Two times being bent over and still nothing learned....
The number of shares borrowed is equivalent to almost 2% of the car makerâs equity. In October, funds including Odey Asset Management, SAC Capital Advisors and Greenlight Capital had shorted VW, whose shares many managers believed were overvalued and ripe to fall.
http://www.emii.com/CampaignArticle...-Short-On-Volkswagen-Shares.aspx?LS=EMS306828
Two times being bent over and still nothing learned....
