Shorts ‘burned’ on A2 Milk
Strong result and Fonterra deal surprise short sellers, sources say.
Frantic buying by short sellers helped fuel the huge leap in the share price of A2 Milk [NZX:ATM] after its announcement of healthy profit and a tie-up with Fonterra, sources say.
A2 shares jumped from $9.29 at Tuesday’s close to 12.90 on Thursday, a 39% gain that added $2.6 billion to the milk
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Tim Hunter
Fri, 23 Feb 2018
Fri, 23 Feb 2018
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Shorts ‘burned’ on A2 Milk
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