Wirecard shares: more and more investors are speculating on falling prices
About one in four Wirecard shares is currently sold short, and the already high short rate has recently increased further. This comes from data from “S3 partnersGeneral manager Ihor Dusaniwsky published the figures on Tuesday evening on Twitter. The downsides of the corona crisis seem to play in the cards of short sellers.
The price of Wirecard shares rose 25.2% over the past week. In retrospect, however, the loss is 16.5%. The 52-week high of € 162.15 initially seems far away.
Wirecard confident in the Corona crisis
While investors seem to have doubts about the development of the Wirecard share price, the group is optimistic. Regardless of the Corona crisis, Wirecard confirmed the forecast for the current year. The company is also continuing to grow in the operational field. On March 24, Wirecard reported in a press release that cooperation with Canal 22, a Mexican television channel, had been successful.
“We are looking forward to working with Canal 22, one of Mexico’s largest public television channels,” said Florian Ungethuem, managing director of Wirecard. “By working with Canal 22, we are not only strengthening our services in Mexico, but we are also supporting development towards a cashless society.”
Wirecard short sellers: some are becoming more cautious
In the meantime, we see that the short seller ratio is relatively high, but that some investors are also reducing their positions. The hedge fund Coatue Management L.L.C reduced its bet against Wirecard shares from 0.72 to 0.48%, such as “it-times”Reported.
The London hedge fund Marshall Wace LLP, meanwhile, has a different view of the situation. This recently increased the short position on Wirecard from 1.15 to 1.2% of the share capital of the DAX group.