From ValueWalk:
12% rise in new shorts is "significant," leading to $31 billion total short position across EU, most held by prominent hedge funds located in the UK.
Short interest in European shares has surged to nearly $31 billion, up $3 billion from last month, according to new research from Novus Partners, a research and analytics provider to institutional investors.
February was the most “significant” jump in short EU stock interest since Novus has been tracking European short interest, according to Stanley Altshuller, Co-Founder and Chief Research Officer at Novus. He attributed the rise partially to those complying with regulations put in place in 2012 but more significantly increased short positions across Europe.
Tiger Cubs and Chanos short Gemalto
Among the more interesting positions was a short in Gemalto, a European digital security. The stock garnered shorts from known Tiger Cub disciples at Blue Ridge Capital, Lone Pine Capital and Maverick Capital, which all share a similar investment style, as well as garnering a short from Kynikos Associates. Maverick Capital, run by Tiger Cub Lee Ainslie, had the largest short at $173 million, followed by Blue Ridge Capital’s John Griffin at $163 million and Lone Pine Capital Management’s Steve Mandel....MORE
