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City AM
City AM
By Heather Rydings Hedge fund Shadowfall has shorted shares in FTSE 250-listed cybersecurity firm Darktrace, according todata from the UK Financial Conduct Authority. Short selling is when an investor buys shares and then sells them on the market with the intention of buying them back later for less money. Short sellers bet on, and profit from, a drop in the share price. The fund, led by ‘dark destroyer’ Matthew Earl, has shorted 0.52 per cent of Darktrace’s stock, according to the FCA’s latest short positions data, released on Friday. This position is worth around £12.8mn, based on Darktrace’…
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