Money managers under the microscope
Interesting to see increased short interest in Kazakhmys.
This week we highlighted Cazenove hedge fund manager Tim Russell’s caution about the miner’s valuation and the consistency of its earnings.
According to Data Explorers, the short base has been rising steadily over the past three months to 0.9 pct from 0.1 pct.
While still up more than six-fold on their price a year ago, Kazakhmys’s shares have generally been on the way down in the past two weeks from their 12-month high. The short interest suggests others share Russell’s view.