Bearish investors have cornered Grifols, which is down another 10% today.

This year, Grifols shareholders realized that there is never a day in the market without turmoil. This Monday, its shares fell another 10%., following a nearly 20 percent rise on Friday, but not enough to reverse the results-day fiasco when the Catalan blood products firm left 35 percent of its value on the Spanish stock exchange. Last Thursday Grifols reported a profit of 59 million euros, down 71% but representing shock “The important thing for the market was that these reports were not audited by KPMG (a priori this will be on March 8) and that one of the management consultants, James Costos, also did not sign them due to his absence.” For personal reasons.”

The unknown reality – since aggregated data is not publicly available – is that bearish investors have surrounded Grifols with a fence from which it is very difficult to get out. Since New York-based analytics firm Gotham City released its report on January 8, The listed company lost approximately €3,700 million in market value, representing 43% of the total. He hedge fund The British company Qube Research & Technologies acquired its first stake in the capital of the listed company on January 29, taking a position in short 0.5%. It increased since then until it peaked on February 29, the day the results were presented, at 1.62%. After the crash that day, he decided to reduce his position to 1.46% last Friday, 24 hours later.

It also disappeared from the records of the National Securities Market Commission (CNMV). WorldQuantanother hedge fund based in Connecticut in the US, which held 0.5% of the capital until last week. It must be taken into account that the regulator has been publishing positions only since 2018. short which exceed exactly this percentage, which does not mean that WorldQuant disappeared, since it could only reduce its position. On the other hand, it is worth emphasizing that in bearish operations it usually happens that shorts Keeping an open position costs them money, whether they make money or lose money on dips.

But now Spain has another very popular bassist, such asMillennium, who was already present in the capital of Grifols in January. According to official data, he has an open position in short 0.5%.

On the other hand, the London manager Capital Group, one of the world’s largest, has decided to reduce its position in Grifols from 5.1% on January 24 to the current 4.6%.

Capital Group was then in the news because it was accused of lending some of its shares hedge fund owned by Gotham City, GIP, with a stake of just over 0.46%. The manager did not want to comment on this issue when EL MUNDO then asked her about it.