GN price spikes might be an overreaction, says bank

A rumored purchase story sent the GN stock sky-high, but Handelsbanken says this might partly be due to short-selling investors trying to minimize losses.
Photo: PR/Handelsbanken
Photo: PR/Handelsbanken
by marketwire, translated by daniel pedersen

The recent upswing in the GN Store Nord stock is largely due to the firm’s stock being very shorted prior to the rumored purchase story from last week, Handelsbanken concludes in a Tuesday note.

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