Shorts ‘burned’ on A2 Milk
Strong result and Fonterra deal surprise short sellers, sources say.
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Frantic buying by short sellers helped fuel the huge leap in the share price of A2 Milk [NZX:ATM] after its announcement of healthy profit and a tie-up with Fonterra, sources say.
A2 shares jumped from $9.29 at Tuesday’s close to 12.90 on Thursday, a 39% gain that added $2.6 billion to the milk
Want to read more? It's easy.
Choose your subscription
Already have an account? Login
Smartphone Only Subscription
NZ$29.95 / monthly
Monthly Premium Online Subscription
NZ$49.95 / monthly
Smartphone Only Annual Subscription
NZ$299.00 / yearly
Yearly Premium Online Subscription
NZ$499.00 / yearly
Premium Group Membership 10 Users
NZ$385+GST / monthly
$38.5 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$660+GST / monthly
$33 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1375+GST / monthly
$27.5 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$2100+GST / monthly
$21 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$999.00 / yearly
Individual
Group membership
NBR Marketplace
Tim Hunter
Fri, 23 Feb 2018
Fri, 23 Feb 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Free News Alerts
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Shorts ‘burned’ on A2 Milk
73579