Metro Bank went into today’s AGM having taken fire for both its financial reporting and due to an ill-advised business relationship between the firm and a company run by the chair Vernon Hill’s wife. It’s also a heavily shorted stock. Just based on public disclosures (which only include shorts above 0.5%) the short position is over 10%. In practice it is likely to be significantly higher. What’s striking about shorting these days is the involvement of more traditional institutional investors, alongside the hedge funds. For example, shorts in Metro Bank include both Odey, with 3.83%, and Artemis Investment Management, with 0.87%. Or if we lookRead More →