Fugro Short Sellers Burned as Stock More Than Doubles in Nov.
2014-11-14 16:12:12.385 GMT
By Benjamin Dow
Nov. 14 (Bloomberg) -- Fugro shares climb as much as 27% on
volume 2.2x 3-month daily avg; leads gains on Stoxx 600 Oil &
Gas Index (+0.4%).
* Shares up 61% this week after 28% gain last week
* Even as stock climbed, traders increased short positions on
Fugro, Markit data show; 14% of shares outstanding on loan
as of yday vs 9.7% on Nov. 5
* Co. trades at 20% premium to average PT EU18.08; at least 3
brokers raised shares to buy this week
* NOTE: On Nov. 10, Boskalis said it has no plans to bid for
co. after acquiring 15% stake
* NOTE: Nov. 6, Fugro CEO made 30% paper profit in two days
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To contact the reporter on this story:
Benjamin Dow in Moscow at +7-495-771-7735 or
bdow2@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
Andrew Rummer
2014-11-14 16:12:12.385 GMT
By Benjamin Dow
Nov. 14 (Bloomberg) -- Fugro shares climb as much as 27% on
volume 2.2x 3-month daily avg; leads gains on Stoxx 600 Oil &
Gas Index (+0.4%).
* Shares up 61% this week after 28% gain last week
* Even as stock climbed, traders increased short positions on
Fugro, Markit data show; 14% of shares outstanding on loan
as of yday vs 9.7% on Nov. 5
* Co. trades at 20% premium to average PT EU18.08; at least 3
brokers raised shares to buy this week
* NOTE: On Nov. 10, Boskalis said it has no plans to bid for
co. after acquiring 15% stake
* NOTE: Nov. 6, Fugro CEO made 30% paper profit in two days
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Benjamin Dow in Moscow at +7-495-771-7735 or
bdow2@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
Andrew Rummer