In the latest disclosures and updates from European short positions, another investment firm disclosed a short position in Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) in Finland. Fore Research and Management revealed a 0.53 percent position in the cellular phone company. A total of 13 hedge funds are shorting the Finnish company now and none have covered it to below 0.5 percent yet. To know which of Julian Robertson’s Tiger cubs are shorting Nokia,  click here.

Hedge Funds

It appeared that this short bet turned sour when Nokia reported pre-earnings; the stock lost some of the ground it gained during the rally but is still up 8.8 percent YTD. The aggregate bet of the 13 firms on Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) equals 12.5 percent of the shares outstanding.

AKO Capital increased their bet on UPM-Kymmene Corporation (HEL:UPM1V) (FRA:RPL) to 1.42 percent. Morton Holdings, Avenue Capital and Merchant’s Gate Capital are also shorting the company. Tiger cub, Maverick Capital is shorting 3.25 percent of Outotec Oyj (HEL:OTE1V) while Carlson Capital has a position in 1.31 percent of the company.

In Denmark, Marshall Wace covered its short in FLSmidth & Co. A/S (CPH:FLS) to below 0.5 percent which now equals 254838 shares of the company. FLSmidth & Co. A/S (CPH:FLS) is a shorting favorite in Denmark, a bet of seven investment funds as of now. Greenlight Capital, Citadel, Maverick Capital and D.E Shaw have a position in this company with Greenlight being the largest holder with a 2.66 percent stake. To know more about the individual positions of these hedge funds and history, see our full coverage of Denmark’s short positions. FLSmidth & Co. A/S (CPH:FLS) provides cement and related materials to construction companies.

Another shortselling favorite is Vestas Wind Systems A/S (CPH:VWS) with seven position holders; of those shorts the largest single bet is from Blue Ridge Capital with 4.47 percent. Eton Park and Perella Weinberg recently increased its position in Vestas Wind Systems A/S (CPH:VWS) to 2.13 percent and 0.82 percent, respectively, while Alden Global reduced its to below 0.5 percent.

In France, UBS O’ Connor Ltd disclosed a new short position in 0.55 percent of Vallourec SA (EPA:VK), the company is now shorted by three funds, including Adage Capital and AQR Capital. Egerton Capital reduced it to 0.27 percent. Meditor Capital revealed a new short in 0.5 percent of Rexel SA (EPA:RXL), the company is not shorted by any other fund as yet. TT International also joined in with shorting Soitec SA (EPA:SOI) with a 0.8 percent positions along with BlackRock, Inc. (NYSE:BLK) and DNB Asset Management.

In Sweden, AKO Capital disclosed a short position of 1.52 percent in SAS AB (STO:SAS) while BlacRock revealed a position of 0.6 percent in Modern Times Group Mtg AB (STO:MTG-A). BlackRock also increased its position in Meda AB (STO:MEDA-A) to 1.01 percent recently. Greenlight Capital and BlackRock also increased their position in Elekta AB (STO:EKTA-B) to 2.35 percent and 1.12 percent respectively. Other than Elekta AB (STO:EKTA-B), a shortseller’s favorite in Sweden is also SSAB AB (STO:SSAB-A); eight hedge funds including D.E Shaw, Kynikos Associates and Marshall Wace all have short positions in the stock.