Telegraph – A raft of European banks, healthcare companies and property firms have attracted a sudden spike in “short positions” over the past two weeks, according to figures from DataExplorers.
Financial stocks, considered to be in the frontline in the event of a full-blown attack on the euro, have been particularly targeted. Bolsas y Mercados Espanoles (BME), the operator of the financial markets in Spain, is showing a short position worth nearly 7pc of its €1.7bn market value, suggesting that traders are betting nearly €120m that its share price will fall. Spanish banks Banco de Sabadell and Banco de Valencia are also being shorted by hedge funds.
