Property Company Short Positions Are On The Rise In London

Shorts in British property companies have been on the rise, as more hedge funds disclose short positions in real estate in the U.K. As first noted by Miles Johnson and Kate Allen from the Financial Times, a number of property retailers have attracted rising short interest.

Foxtons reports subdued sales

Shorts rose in London-based estate retailer, Foxtons Group, over the last month. According to recent data disclosed to the Financial Conduct Authority, U.K, 3.6% of Foxtons's shares are out on loan. Among the shortsellers are, Numeric Investors and Altair Investment Management. The company's annual earnings report said that sales remained subdued and are likely to remain so until the general elections are held in May of this year. Despite the...