PARIS: Short sellers are betting against Yoox Net-a-Porter SpA in the increasingly competitive business of selling luxury goods online.
Almost 17% of the Milan-listed online retailer’s shares are out on loan, indicating they’ve been borrowed by short sellers betting against the stock, according to data from IHS Markit Ltd. The percentage has tripled in the past year, and is the highest in a Bloomberg Intelligence index of 23 European luxury stocks, the Markit data show.
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