Millennium Capital Partners has raised its short position in Electrolux to 1.02 percent of the share capital, up from the previous 0.79 percent.
There are currently nine public short sellers in the company, with a total of 16.46 percent of the capital held short. The Swedish Financial Supervisory Authority (Finansinspektionen) requires positions exceeding 0.1 percent to be reported, while short positions above 0.5 percent must be made public.
Electrolux remains one of the most heavily shorted stocks on the Stockholm Stock Exchange.
Electrolux AB is a Sweden-based company primarily engaged in the consumer-cyclicals sector. The Company’s business purpose is focused on manufacturing various kinds of appliances, which include refrigerators, cookers, freezers, washing machines, dryers, microwave ovens, air conditioners, dishwashers, vacuum cleaners, as well as other small appliances. The Firm’s manufacturing services are all conducted through three business segments that are distinguished on the geographical basis. Said business segments comprise: Europe, Asia-Pacific, Middle East and Africa; North America, as well as Latin America. What is more, the Company operates brands such as Electrolux, AEG, as well as Frigidaire, all of which are associated with respective manufactured products.
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