Hedge Fund News From HedgeCo.Net

Kier Group shares targeted by short selling hedge funds

Hedge funds have taken a substantial punt against the fortunes of FTSE 250 construction business Kier Group by betting the company’s shares will fall, a practice known as short selling.

More than 12 per cent of Kier’s stock is currently out on loan, up 297 per cent on the same time last month, according to data supplied to City A.M. by financial information services company Markit.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply