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| Bears tuck into Avanti but ... - part 2 Posted: 29 Feb 2016 01:17 AM PST Avanti Communications, the small cap satellite operator, has seen its shares open up over 6pc this morning. That's because, according to one my moles, one of the major shareholders in Avanti - Scottish Widows/Aberdeen Asset Management - is thought to have "recalled" 1.6 million shares that have been lent out to traders who have taken short positions in the stock. In case you don't remember, Avanti shares have fallen over 50pc over the last six months despite a number of major contract wins. An organised short selling attack has been blamed for the share price decline (if you look around the internet, you will see understand what I mean). But now the bears could be in for a mauling themselves as Avanti's institutional investors start to ask for their shares from brokers who have lent out the stock to short sellers...  |
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