Asset managers up bets against Kier share price

By Will Ing2019-06-21T05:00:00

Contractor’s shares have lost 85% of their value since last September, with some gambling they have further to fall

Asset managers betting against a rise in Kier’s share price have ramped up their stakes as the market continues to predict a harder time ahead for the embattled contractor.

In the past week, five firms have increased their short positions on Kier, with a total of 8.4% of its stock being used to bet against it – despite the group’s share price already falling by 40% this month.

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