Unloved UK: the eight most-shorted domestic stocks
By Kristen McGachey, 1 Jun 18
In an already unloved market, which listed-British mainstays have fallen the most out of favour so far this year? Portfolio Adviser takes a look at Canaccord Genuity Wealth Management’s annual Get Shorty report.
The FTSE 250 firm ran into trouble earlier this year after it issued a profit warning and slashed dividend payouts to shareholders, a move which prompted analyst downgrades and its shares to plunge by over a quarter.
Its share price has nearly halved over the last 12 months, falling from 235p to 124p.
Woodford is the largest shareholder in the car insurance and auto loans provider, owning 13.89% of the company, which he cut from 14.86% last week.
Parvus Asset Management, Capital Research and Management Global Investors and Liontrust Investment Partners are also key stakeholders.