tick tock1 Jan 2019 22:09
Sounds from The Guardian trading update is dire. Time.will tell. Marks & Spencer is the UK’s second most shorted stock – a bet by City speculators that the shares will fall. At the end of last week, 10 hedge funds held short positions equivalent to almost £440m, or 11.2% of the retailer’s shares, according to data reported to the Financial Conduct Authority. At least 10.3% of shares in Debenhams are on loan to short sellers, as are 8.8% of shares in Pets at Home.