Often depicted as exploitative, greedy and often both, short sellers have a terrible reputation. It’s easy to understand why; long investors share in the success of a business while short sellers make money from failure. They are the pushers and the pimps of the investment world.
Yet they play a pivotal role in efficient markets and, every now and then, it’s worth checking what short sellers are up to. This isn’t necessarily a hunt for investment ideas; it’s about understanding how the market thinks.