Bets against Kier build as results loom

By Will Ing2018-09-17T13:36:00

Short positions in Kier’s shares have rocketed as hedge funds bet against the contractor in the run-up to its end of year results on Thursday.

According to data from IHS Markit, that was published in yesterday’s Sunday newspapers, almost 18% of Kier’s shares are being shorted, up from 10% a month ago, making it the third-most shorted company on the London Stock Exchange.

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