Last week, Ocado boss Tim Steiner was asked about the fact that the company's s share price had fallen shortly after it had successfully completed its flotation. His reply was that was not "overly surprised a couple of hedge funds wanted to have a pop at the open". But it has now emerged that there were actually not that many short positions in the online grocer.
According to market monitor Data Explorers, at the end of Thursday last week, one day after its launch, only 1% of the company's shares were out on loan to hedge funds or other short sellers.