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Mothercare joins shorted UK retailers
INVESTORS stayed sceptical on the UK’s mid-market retailers in August, new figures from Data Explorers show.
Mothercare and Ocado both joined the list of the most shorted stocks on the FTSE All-Share as hedge funds bet their shares would fall.
Publishing group Yell, Argos owner Home Retail and Dixons were among the most shorted for another month.
But Thomas Cook, which entered the list in July after a profit warning, is no longer a short target, while shorting of Provident Financial fell from 15.4 per cent in July to less than 13 per cent after its profits jumped.