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Hedge funds make $1.25bn profit in bet against Ambu

May 12, 2022 at 11:42 am

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Hedge funds have made $1.25 billion by betting against the shares of Danish company Amnu's top shorts, according to a report from Bloomberg.

Hedge funds have made $1.25 billion by betting against the shares of Danish company Ambu's top shorts, according to a report from Bloomberg.

Analysis on Ambu's short interest and share price by S3 Partners shows that shares fell 70% across the past year.

S3 adds that investors may increase their positions that stand to gain more from Ambu's drop in shares.