Shorts ‘burned’ on A2 Milk
Strong result and Fonterra deal surprise short sellers, sources say.
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Hawke’s Bay
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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