{"id":62727,"date":"2018-03-12T00:43:41","date_gmt":"2018-03-12T04:43:41","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=62727"},"modified":"2018-03-14T01:18:40","modified_gmt":"2018-03-14T05:18:40","slug":"prada-short-squeeze-wipes-out-31-million-from-hedge-fund-trade","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2018\/prada-short-squeeze-wipes-out-31-million-from-hedge-fund-trade.html","title":{"rendered":"Prada Short Squeeze Wipes Out $31 Million From Hedge Fund Trade"},"content":{"rendered":"<p>\n(Bloomberg) Betting against Prada SpA is becoming an expensive business. Shares in the luxury retailer jumped a record 23 percent in Hong Kong on Monday after the company predicted sales will recover this year. The surge wiped out about 242 million Hong Kong dollars ($31 million) from the value of speculators\u2019 bearish bets, according to data compiled by Bloomberg and IHS Markit Ltd. <\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-03-12\/prada-short-squeeze-wipes-out-31-million-from-hedge-fund-trade\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Betting against Prada SpA is becoming an expensive business. Shares in the luxury retailer jumped a record 23 percent in Hong Kong on Monday after the company predicted sales will recover this year. The surge wiped out about 242 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62727","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=62727"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62727\/revisions"}],"predecessor-version":[{"id":62728,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62727\/revisions\/62728"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=62727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=62727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=62727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}