O Chanos! Ocado Group PLC (LON:OCDO) went berserk as it announced a 25-year partnership with Wm. Morrison Supermarkets plc (LON:MRW) today. OCDO rose as high as 46 percent. Yes! Not a typo—46 percent in trading today, and closed at +34 percent on the London Stock Exchange.
Why are we so psyched about a relatively unknown online grocery retailer, you ask? Simply because the big boys in the U.S. have been betting against the company. Famed shortseller Jim Chanos and Tiger cub John Griffin have bet against the company—each holding 3.61 and 2.19 percent shares short respectively, until the last update.
Ocado, Chanos and Icahn
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
