Carillion Short Seller Targets Welsh Apple Supplier IQE

(The Telegraph) The hedge fund that made millions from Carillion’s collapse has made a big bet against a Welsh technology company whose technology is used in the latest iPhone. Marshall Wace has taken a 3.8pc short position in IQE, whose laser technology forms the basis of the iPhone X’s three-dimensional sensing system. While the launch of the £999 mobile has seen Aim-listed IQE’s share price rocket in the last year, it has become one of the UK’s most shorted stocks, with 10.7pc of the company’s shares out on loan, according to data from the Financial Conduct Authority.
To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply