Green Mountain Coffee (GMCR) Continues Higher, Is Einhorn Finally Covering His Short?
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Green Mountain Coffee (Nasdaq: GMCR) continues to surge higher on suspected short-covering.
Notably, hedge fund titan David Einhorn has been short since at least last fall. First disclosing his short sale on October 17, 2011, shares are down nearly 75 percent since then.
So is Einhorn finally booking his profits?
Here is the recent movement in the stock.: 7/3 = +5%, 7/5 = +4.7%, Today = +2.75%
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Notably, hedge fund titan David Einhorn has been short since at least last fall. First disclosing his short sale on October 17, 2011, shares are down nearly 75 percent since then.
So is Einhorn finally booking his profits?
Here is the recent movement in the stock.: 7/3 = +5%, 7/5 = +4.7%, Today = +2.75%
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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