Ann: Becoming a substantial holder, page-3

I think yes.

Based on the search results, there is no evidence that UBS Group AG is shorting Nanosonics Limited (AU:NAN). Instead, UBS has acquired a substantial stake in the company, indicating a long position rather than a short position. Here are the key details:

1. Substantial Stake Acquisition: UBS Group AG and its related entities have become substantial holders in Nanosonics Limited, with voting power of 5.09% 1 and later increasing to 5.61% through ownership of 17,004,586 ordinary shares 2. This indicates a significant investment interest in the company.

2. No Mention of Short Interest: The disclosures about UBS's stake in Nanosonics do not reference any short-selling activity. The focus is on UBS's ownership and voting power, which aligns with a long-term investment strategy 12.

3. UBS's Short Interest in Its Own Stock: While the search results include data on UBS Group AG's short interest (e.g., 7.08 million shares sold short, representing 0.24% of its float) 3, this pertains to UBS's own stock, not Nanosonics. There is no mention of UBS shorting Nanosonics.

4. Recent UBS Short-Selling Controversies: UBS has faced fines in South Korea for alleged short-selling violations 12 and a $92.2 million arbitration ruling related to short-selling Tesla stock 5. However, these incidents are unrelated to Nanosonics.

Conclusion:

UBS's involvement with Nanosonics appears to be a strategic investment, not a short position. The company has increased its stake significantly, which is inconsistent with a short-selling strategy. For further details on UBS's holdings, you can refer to the disclosures 12.