The major short seller Qube Research & Technologies is making billion-dollar retreats in a handful of large companies, writes Dagens industri.
Last week, Di reported that several large short sellers had retreated in Wallenberg's price loser Husqvarna. One of them was the London-based hedge fund Qube Research & Technologies, QRT, which covered at least part of its short position, which previously amounted to 0.6 percent of the shares.
Now it turns out that the fund has done the same in several other Swedish companies. Since November 30, the value of the hedge fund's public short positions has decreased from SEK 9.4 billion to SEK 3.2 billion, according to the ownership data service Holdings. The hedge fund was previously the second largest short seller on the Nordic stock exchanges, measured by the value of the public positions, Di writes.
The hedge fund has disappeared as a public short seller, that is, the short position is lower than 0.5 percent, in the companies Nibe, Saab, Elekta, Fortnox, Securitas, Nordnet, Volvo Cars and Beijer Ref.
But the British big banker has not completely abandoned the Swedish companies. The largest is the hedge fund's short position in the research company Bioarctic, where the hedge fund has a short position of 1.89 percent of the capital. SBB, Viaplay and Embracer are among other doomsday favorites, Di writes.
Securitas AB is a Sweden-based provider of security solutions, including specialized guarding, aviation security services and international security solutions, among others. It operates through five business segments. Security Services North America business segment offers security services in the United States, Canada and Mexico. Security Services Europe offers security services in 27 countries in Europe. Mobile and Monitoring provides mobile services, such as beat patrol and call-out services, and monitoring services, such as alarm surveillance for homes, and small and medium-sized businesses. Security Services Ibero-America provides security services in Latin America, Portugal and Spain. New Markets provides security services in the Middle East, Asia and Africa. The Company's subsidiaries include Selectron, Rentsec, Vamsa, Tehnomobil, Central de Alarmas Adler, Automatic Alarm, Suddeutsche Bewachung and Johnson & Thompson.
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