Skip to content
 

Short of the Week: Boohoo is in the sights of several hedge funds

*

Shares in Boohoo [LSE:BOO] are still struggling, and it looks like hedge funds and short traders are now building positions against the stock of this embattled retailer.

As predicted on this site months ago, labour conditions among  Boohoo's suppliers have contributed to a perfect storm for the company, where long only fund managers are being forced to dump the stock due to ESG issues.

As we have mentioned before, ESG is becoming a big issue with many major fund management groups, and it is the 'S' in ESG - social - that is proving a tough nut for Boohoo management to crack. Fund managers are having to answer to internal policy guidelines on this, and head for the door, and this is where short traders can smell an opportunity.


Want the full story? Access all of The Armchair Trader's content for just £5.99 per month.

Get weekly investment ideas and tips that will take your investing to the next level. Sign up here.

Free 28 day trial. Cancel anytime.


Log In or Sign Up to Armchair Trader+

Already a member? Log in here:


Not a member yet? Sign up for your free trial or check out the benefits of membership.

Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader Plus+ for further details on the benefits of becoming a member.

Looking for great investing ideas? Sign up to our free newsletter.

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
TMX
WisdomTree
Back To Top