Sharp Rally Spells Bad News for Short-Selling Hedge Funds

(Bloomberg) Sharp Corp.’s 42 percent increase since the beginning of the year has left hedge funds that have placed wagers on a decline in the stock of the Japanese consumer electronics maker in the midst of a bailout smarting. Osaka-based Sharp is the most-shorted stock by the number of shares after Toshiba Corp., according to filings with the Japan Exchange Group.

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