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Short of the Week: Currys is focal point for retail short trade


This week is looks as if short sellers are starting to target UK retail stocks, largely due to worries about the health of the retail sector if inflation continues on its current course in Q2. Currys [LSE:CURY] has seen a number of hedge funds taking short positions over the last couple of weeks.

Shares in Currys were rallying this morning and are up 3% in the last five days. However shorters will be looking at the longer term share price performance, and here we see the stock down 35% in the last six months.  This does not look like a post-pandemic recovery scenario on the high street.

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