China Evergrande Group’s exhibition at a property fair in Beijing on December 4, 2009. Photo: ImagineChina China Evergrande Group’s exhibition at a property fair in Beijing on December 4, 2009. Photo: ImagineChina
China Evergrande Group’s exhibition at a property fair in Beijing on December 4, 2009. Photo: ImagineChina

Hedge funds placed bets against China Evergrande, counting on its shares to plunge, just in time to get burned

  • Hedge funds nearly doubled their short interest in Evergrande’s stock on September 29, a day before the developer’s shares rallied 19 per cent
  • There are so few Evergrande shares readily available that traders would need about 12 days to cover their bearish bets

Topic |   China property
China Evergrande Group’s exhibition at a property fair in Beijing on December 4, 2009. Photo: ImagineChina China Evergrande Group’s exhibition at a property fair in Beijing on December 4, 2009. Photo: ImagineChina
China Evergrande Group’s exhibition at a property fair in Beijing on December 4, 2009. Photo: ImagineChina
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