Hedge funds are focusing on the oil & gas sector to open up new shorts in the UK Noted tiger cub, Lee Ainslie's Maverick Capital just initiated a brand new short in The Weir Group PLC (LON:WEIR), an engineering company that provides solutions for oil & gas and minerals industry.
Maverick Capital shorts WEIR
The company is a crowded short bet in UK with the largest short exposure, 12 percent of Weir's outstanding shares are held in short bets. Other than Maverick's 0.61 percent short bet, Lansdowne Partners, Steadfast Capital and Coatue Management have also bet against The Weir Group PLC (LON:WEIR). Lansdowne has the largest short position which is equal to 3.4 percent of Weir Group's outstanding...
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