Short Sellers Raised Bets Against Worldline Before Fraud Reports
By and Lisa Pham
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Short sellers raised their wagers against the bonds and shares of Worldline SA, the French company whose market value slumped €500 million on reports that the firm allegedly covered up fraud by some of its customers, in the days before the stories were published.
The amount of bonds maturing in 2030 out on loan — a measure of short interest — rose to almost 78 million on Tuesday, according to data compiled by S&P Global Market Intelligence. That's more than three times the level on June 12. Meanwhile, short interest as measured by the percent of outstanding shares out on loan has risen by more than two percentage points over the past week, according to the data.
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USA Today
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- USA Today
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