In our previous post on short positions, we talked about how Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) was a shorting favorite of Tiger cubs, and since then Maverick Capital has reduced its short position in Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) from 1.70 percent to 1.4 percent on Nov 23rd. Fest N.V has the largest bearish bet on NNokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) so far with a 2.97 percent position. The combined short bet on Nokia is now equal to 11.27 percent of Nokia's outstanding shares. In Finland, the largest single short position is in 3.76 percent of Outotec Oyj (HEL:OTE1V) by Maverick Capital.
In new updates on short selling from France, AKO Capital, Marshall Wace, and TT International have a short bet on 1.14 percent, 0.65 percent, and 0.46 percent of Alcatel Lucent SA (NYSE:ALU). Marshall Wace also made a bet on 0.88 percent of Peugeot SA (EPA:UG) (PINK:PEUGY). Since our last report AKO Capital has slightly increased their bet on Bouygues SA (EPA:EN), whereas Cheyne Capital has initiated a position in 0.8 percent of PagesJaunes Groupe SA (EPA:PAJ).
In Germany, D. E. Shaw & Co. (U.K.), Ltd. initiated a short position in 0.5 percent of Freenet AG (ETR:FNTN) (FRA:FNTN), while CQS UK LLP bet on 0.5 percent of Deutsche EuroShop AG (ETR:DEQ) (FRA:DEQ). Highbridge Capital Management has increased the short bet on Klöckner & Co SE to 1.5 percent of the company's outstanding shares.
We have not covered Sweden in our previous posts. Kynikos Associates is shorting 0.47 percent of AB Electrolux (STO:ELUX-B), 3.28 percent of JM AB (STO:JM), 2.41 percent of SSAB AB (STO:SSAB-A) (STO:SSAB-B). Lone Pine Capital has short positions in Elekta AB (STO:EKTA-B), Holmen AB (STO:HOLM-A) (STO:HOLM-B), and AB Electrolux (STO:ELUX-B), while Maverick Capital has a bet on 1.47 percent of Elekta AB (STO:EKTA-B). All the mentioned stocks are hot picks of short sellers, as several UK based funds also have short positions in them. The largest single short position is Cadian Capital's bet on 4.92 percent on Axis AB (STO:AXIS) (PINK:AXSAF). York Capital has a short position in 0.6 percent of Ratos AB (STO:RATO-A) (STO:RATO-B).