Hedge funds shorting Bang & Olufsen A/S have scaled back their bets after the Danish maker of luxury stereos said it’s been targeted for a potential takeover. Short interest in B&O fell to 6.8 percent of the company’s free-floating stock at the beginning of the week, the lowest in three months and down from 7.4 percent on the day B&O announced the takeover talks, according to data compiled by Markit and Bloomberg. Short interest in B&O hit a 2015 peak of 13.8...
↧
