Lone Pine Shorts Tesco As U.K's Supermarkets Continue To Fall

After Lansdowne Partners' longstanding short in Tesco PLC (LON:TSCO), it appears Steve Mandel's Lone Pine Capital also thinks that Tesco is headed for trouble. According to a filing recently made with the FCA, Lone Pine Capital has a .5% short position in the consumer discretionary company. It is very likely that Lone Pine was shorting Tesco for some time but that the position only recently eclipsed the threshold level of .5%, which demands public disclosure.

Tesco fell 9% in four weeks

London's leading hedge fund, Lansdowne Partners, is shorting .74%...