The market discusses why short seller Daniel Yu has minimized his position in the Spanish pharmaceutical company.
The almost total elimination of the bearish position Research Gotham City had accepted GrifoliThrough General industrial partnersit does not seem to imply abandoning the fight against the Catalan pharmaceutical company, considered overvalued on the stock market.
Yesterday, shortly before Grifols’ meeting with analysts to deny the accusations of short seller
The almost total elimination of the bearish position Research Gotham City had accepted GrifoliThrough General industrial partnersit does not seem to imply abandoning the fight against the Catalan pharmaceutical company, considered overvalued on the stock market.
Yesterday, shortly before Grifols’ meeting with analysts to deny the accusations of short sellerthis company founded by Daniel Yu went to the social network Scranton consolidate completely Heme plasma and PCBs in your financial statement?”
Some users of that platform criticized Gotham for publishing its report on Tuesday and, on the same day, have drastically reduced from 0.57% to 0.06% his bearish position in Grifols.
But he spoke out in support of that investor Muddy watersthe main short seller of the world led by Carson block. In this firm’s opinion, it is logical for General Industrial Partners to close its position quickly because it is a small fund that has no other assets to cover it. “If you are short a stock that drops 40% in one day, It would be remiss of a manager not to hedgeespecially if it is an important position”, explains this entity, which states they have no financial interest neither in Grifols nor in Gotham.
“Muddy Waters received the same questions when we de-risked our positions Casino in 2015In IQE in 2018 It’s inside NMC and 2019. “These issues can be a distraction from what really matters.”
General Industrial Partners, a British fund resulting from an alliance with Gotham Portsea Asset Managementgenerated a profit of £1.6 million in the year to March 2023.
Market sources indicate that by maintaining a 0.06% bearish position on Grifols, it is very likely that Gotham continue to intervene in the debate on society and respond to the defense raised by its directors and advisors.
2024-01-12 01:08:38
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