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A Popular Hedge Fund Short Got a Boost This Week
Brick-and-mortar retailers, a favorite target of hedge fund short sellers, had a rough day on Wednesday. Still, betting against them has not been a winning strategy of late.
Wednesday was especially tough for several brick-and mortar-retailers.Shares of women's apparel retailer Chico's FAS plunged nearly 19 percent after its quarterly results came in below expectations and the company offered disappointing guidance. As a result, it suffered the biggest percentage price decline on the New York Stock Exchange for the
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