Saturday, December 15, 2007

HMV Tops List of 3-Year-High Shorted Equities on FTSE250

From Iain Dey, Telegraph:

Hedge funds are beginning to make big bets on a collapse in the share prices of Britain's mid-sized companies.

The latest data reveals that the level of "short" positions - bets on falling prices - is now at its highest for three years on stocks in the FTSE250.

Top of the list is HMV, the music retailer, which has seen 34 per cent of its shares in issue pass into the hands of short-sellers. Paragon, the struggling buy-to-let mortgage lender, is the next biggest short in the index with 21 per cent of its shares shorted.

Other big shorts include Debenhams, the department store group, Bradford & Bingley, the mortgage bank, CSR, the semi-conductor manufacturer and Johnston Press, the regional newspaper group.
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