Bassist Marshall Weis joins stock market assault on Grifols
Several short sellers sold nearly 6% of shares in the pharmaceutical company, which stopped its slide today after losing half its value since January. In parallel, the opportunistic fund Melkart takes the opposite view, acquiring more than 1% of the company.
Marshall Weissone of hedge funds more aggressive British people said yesterday National Securities Market Commission (CNMV) bearish position 0.51% in Grifolsbringing the number of firms shorting more than 0.5% of their shares to four.Spanish company each.
Rest Qube Research & Technologies, AKO Capital and Millennium International Management.
Although the sum of these four funds is about 3.5% Gryfolov in this transaction (which consists of borrowing shares from
Marshall Weissone of hedge funds more aggressive British people said yesterday National Securities Market Commission (CNMV) bearish position 0.51% in Grifolsbringing the number of firms shorting more than 0.5% of their shares to four.Spanish company each.
Rest Qube Research & Technologies, AKO Capital and Millennium International Management.
Although the sum of these four funds is about 3.5% Gryfolov In this transaction (which involves borrowing company stock to sell it with the expectation of repurchase at a lower price), the pharmaceutical company’s total capital on loan is 5.7% according to S&P.
This means that there are other investors with bearish rates less than 0.5% that should not be reported to the CNMV, including General industrial partnersa fund linked to Gotham City Research, the firm that published a scathing report in January. stock valuation at zero Grifols due to high debt. It’s the day before yesterday short seller admitted in its latest statement that it remains bearish.
The volume of Grifols shares borrowed has increased since the results were reported last week, although does not reach 10% which he reached in January, just after the attack on Gotham began.
BlackRock, one of Grifols’ main foreign shareholders, borrowed about 0.5% of the capital. General fund strategy is to give shares to bears in exchange for interestto generate additional income.
Many analysts still expect Grifols to make a comeback if it manages to regain market confidence. The first meeting will be tomorrow if you show up. clean audit.
Today Grifols is rising in price by more than 1% and price 7 euros, although it has lost 50% of its value since January. One of the reasons for stopping bleeding is the appearance Melqart Asset Managementwhich appeared more than 1.12% shares company through a contract for difference. That is, you have signed up for a derivative that will allow you to cash in on the increase in the price of the stock, if it occurs, at the end of a specified period.
This opportunistic fund also takes a similar position in Applusto benefit from the takeover war in this company. He also participated in Pris.
Marshall Weis is a regular bass player for Spanish companies. He also shorted the stock. BankinterFor example.