HMV is one of the most shorted stocks in history
I wrote about the decline of record shops last week in The long tail theory is playing out well for music lovers and today the Sunday Times reported in HMV is ‘going to the dogs’ that
HMV, the high-street music retailer, has become one of the most “shorted” UK stocks of all time. Almost 24% of HMV’s stock is now being borrowed as traders stake nearly £130m on the chance that its share price is about to fall.
HMV is a leading UK CD and DVD retailer.
January 29th, 2007 at 11:34 pm
Think the brains behind HMV wish they had taken Permira off now? It’s a shame, they have one of the strongest brands if only they had moved online sooner and stronger.
January 30th, 2007 at 12:49 am
They should announce an online music sales play…that would cause havoc