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European short-sellers lose $11bn on wrong-way bets as consumer staples, IT stocks make a comeback
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European short-sellers have been hit hard as bets against L'Oréal, Nestlé, and Danone resulted in billions in losses this year.
In the four months to 28 April, European short-sellers racked up around $11.2bn in losses, according to financial analytics provider ORTEX.
Consumer staples short-sellers took some $1.94bn in losses while wrong-way...
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