Intrum tumbles as Muddy Waters takes aim

By Jasper Cox, Owen Sanderson
24 Mar 2020

Intrum’s share price dropped sharply this week after short seller Muddy Waters disclosed it was betting against the firm’s stock price. The debt purchasing sector has been a popular target for short sellers for years, but the impact of coronavirus and associated measures is a further heavy blow.

The new Muddy Waters short position, amounting to 0.5% of the Swedish firm’s market capitalisation, was not accompanied by a report. Intrum’s share price did appear to react to the move, suffering a sudden 16% fall in share price in mid-afternoon trading on Monday. It ended the day ...

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