(Bloomberg) Shares in Pandora A/S have soared 12 percent in less than two days, putting hedge funds betting against the Danish jewelry maker in a potentially awkward position. For the past year, Pandora has tended to deliver gains to funds shorting it and losses to long-term investors. In the 12 months through Oct. 10, the stock plunged more than 40 percent amid concerns the company was struggling in the U.S. and China. But this week, something changed.
Hedge Funds May Now Be Facing ‘Massive’ Pandora Short Squeeze
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