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- Nigerian funds not playing in Europe/US markets
European markets were gearing up for full business when news came that Wirecard, the German payments giant had filed for insolvency, but an analysis by Ortex, an equity analytics platform, has shown that hedge funds did not move for a payday, ignoring €1.6 billion (euros) to wait to hit a jackpot that would come from the share further tanking.
In a note sent to Business A.M., Ortex, the financial analytics company, said its analysis shows that only 12.5 percent of short positions have been closed in the past week, leaving 16.8 million (15 percent of total freefloat) shorted.
Ortex then puts…