Fiat-Chrysler Catches Shortsellers Off-Guard

Yet again, Jim Chanos has saved himself from steep losses on his short bet in Fiat SpA (BIT:F), the Ferrari maker. Lets go into a little background: Chanos was shorting Fiat until October this year. Between July to October, Fiat rose 6%, thus ending Chanos' 0.5% short bet with a loss. This loss would have been much bigger, had he not exited the position, as shares of Fiat rocketed 16% in the market today.

Fiat’s shortsellers sitting on big losses

The other stock where Chanos saved himself from bigger losses was Ocado Group PLC (LON:OCDO), a U.K-based online...