AP Images / LM Otero Kroger, the largest traditional grocer in the US, has already seen its stock plummet 30% since Amazon first announced its acquisition of Whole Foods. Traders are betting that the pain will continue. Short interest on Kroger — a measure of wagers that share prices will drop — has surged to a record high, increasing 151% this year, according to data compiled by the financial-analytics firm S3 Partners. It now sits at $1.43 billion, nearly triple the next-biggest short posi...
The Amazon juggernaut has traders making record bets against America's largest grocer (KR)
Business Insider - 23 Sep 2017 18:05
AP Images / LM Otero Kroger, the largest traditional grocer in the US, has already seen its stock plummet 30% since Amazon first announced its acquisition of Whole Foods. Traders are betting that the pain will continue. Short interest on Kroger — a measure of wagers that share prices will drop — has surged to a record high, increasing 151% this year, according to data compiled by the financial-analytics firm S3 Partners. It now sits at $1.43 billion, nearly triple the next-biggest short posi...
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