London-based hedge fund Ennismore Fund Management, seems to think that Cupid PLC (LON:CUP)’s downward journey is not ending anytime soon.
The fund reopened its short bet on April 3 after covering it entirely, and the negative position is now 2.22 percent of the online dating company.
Cupid PLC (LON:CUP) has been surrounded by allegations of fake profiles which the company has denied vehemently but it seems as if Ennismore is not buying it. The company is a favorite short among hedge funds.
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