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.
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? Sign up now or see the membership benefits
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.
