hedge funds will have a long position on the other side, but SYR story is soo idiosyncratic that its impossible to hedge away the risk.. That 124 million short will be nude exposure , and without a capital raise they are scr*wed
I think we are getting our answer today, let's wait and see what the HK/Asia hedge fund short sellers do when they get in around now....
Have learnt to be patiant when SYR is below its 200 day moving average, currently at 68 cents
SYR Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
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